Fixed Income Update 11 Jul 2024
KBVS WEEKLY FIXED INCOME UPDATE
Thursday, 11 July 2024
Risk-Off Sentiment Has Decreased, But A Wait-and-see Approach Persists
The data releases that influenced yield movements in the week of Jul 4th-Jul 10th, ‘24 are as follows:
- Weekly initial jobless claims in the last week of Jun ‘24 rose by 4K.
- Average hourly earnings increased by 10 cents.
- The US economy in Jun ‘24 added 206K jobs.
- US consumer inflation expectations for the year ahead in Jun ‘24 declined to 3.0%.
Meanwhile, in Indonesia, noteworthy data from last week includes:
- The issuance of Global Sukuk Bonds amounting to USD2.35 bn on Jun 25th, '24, contributed to an increase in FX reserves by USD1.2 bn.
- Indonesia's consumer confidence in Jun ‘24 declined to 123.3.
- Retail sales in May ‘24 grew by 2.1% YoY.
- Car sales in Jun ‘24 fell -11.8% YoY.
- Motorbike sales in Jun ‘24 grew 3.5% YoY.
Regards,
Fikri C Permana - KBVS Research