US Bond Market
· US Treasury prices gained across the curve on weaker equity market
· Unemployment figure was announced, showing 444k new claims, close to forecast of 440k
· There will be three economic releases: (i) April retail sales with forecast of 0.2%mom, (ii) April Industrial Production with forecast of 0.8%mom, and (iii) Preliminary of U. of Michigan Index of Consumer Sentiment with forecast at 73.5
Domestic Bond Market
· Liquidity in the inter-bank money market was normal
· The government’s rupiah bond prices were down by 0.66% with average yield up to 9.06% (+14bps)
· The government will hold bond auction on 18-May targeting Rp5tn. The bond series auctioned will be all reopened series i.e. 1-yr SPN20110505, 5-yr FR0027, 15-yr FR0040 and 20yr FR0052
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