The Government of Indonesia just held SBSN auction on 25 February 2020 that consists of series SPNS12082020 (reopening), PBS002 (reopening), PBS026 (reopening), PBS005 (reopening). The total incoming bid reached IDR 60.5 trillion. While the previous SBSN auction recorded the total incoming bid of IDR 69.6 trillion. Meanwhile, the total bid won from the yesterday’s auction is IDR 7 trillion, lower than the previous SBSN auction, which is IDR 8 trillion. PBS026 received the highest incoming bid of IDR 21 trillion. (Ministry of Finance) U.S. President Donald Trump touted “tremendous progress” on a trade deal with India as he sought to strengthen ties with a country key to American efforts to blunt China’s influence in Asia. Officials have tried to hammer out a modest trade deal opening up India to U.S. agricultural products and medical devices in return for the restoration of preferential export status that Trump stripped from India last year. There was an expectation that a mini-deal would be unveiled before the U.S. president’s visit, but Trump has since said he’s in no hurry to finalize it. (Bloomberg) Source: Danareksa Sekuritas Debt Research Photo by Artem Beliaikin on Unsplash