Bank Indonesia (BI) recorded a net capital outflow of Rp3.53 trillion in the Indonesian financial market in the period from September 19 to 22, 2022.
Capital outflows from the government bond (SBN) market were recorded at Rp3.80 trillion, while capital inflows to the stock market were valued at Rp0.27 trillion, executive director and chief of the BI’s communication department, Erwin Haryono, informed in a written statement released in Jakarta on Friday.
Overall, in the year ended September 22, net capital outflows from the government bond (SBN) market touched Rp148.11 trillion, while capital inflows to the stock market reached Rp72.78 trillion, the central bank informed.
The country’s five-year credit default swap (CDS) rose to 137.05 basis points (bps) on September 22 from 108.86 bps on September 16, it added.
As per the central bank’s records, the rupiah’s exchange rate strengthened to 15 thousand in Friday’s first trading session compared to 15,015 per dollar the previous day.
Meanwhile, the US dollar index (DXY) strengthened to a level of 111.35.
Further, the yield on 10-year Indonesian government bonds (SBN) rose to 7.26 percent from 7.19 percent.
Overall, the yield on 10-year SBNs was still far higher than the yield on 10-year US bonds, which was recorded at 3.714 percent.
Source: Antara News