Indonesia’s 10-Year CDS Shows an Upward Trend

21 September 2020

Riset

The yield on 10-year Government Bonds has decreased by 6 bps from 6.96% on 11 September 2020 to 6.9% on 18 September 2020. Meanwhile, Indonesia"s 10-year CDS shows an upward trend, with a level of 159 bps on 18 September, from September 11 which amounted to 158 bps. In addition, the Rupiah exchange rate against the USD starts to show appreciation, with a level of IDR 14,735 per USD on 18 September 2020, strengthening 1%compared to 11 September which amounted to IDR 14,890 per USD. The U.S. current account deficit soared to its highest level in nearly 12 years in the second quarter as the COVID-19 pandemic weighed on the exports of goods and services. The Commerce Department said on Friday the current account deficit, which measures the flow of goods, services and investments into and out of the country, jumped 52.9% to $170.5 billion last quarter. That was the highest level since the third quarter of 2008. (Reuters) Source: Danareksa Sekuritas Debt Research Photo by William Zhang on Unsplash