Future Demand for Credit will Increase Significantly as the Economy Recovers

The Financial Services Authority (OJK) is optimistic that future demand for credit will increase significantly as the economy recovers. Signs of improving demand for credit are reflected in credit disbursement in July 2020, which grew 1.53% on an annual basis (year on year / yoy), higher than the previous month’s, 1.49% (yoy). Credit has grown in almost all regions of Indonesia. (Investor Daily)

Treasury yields turned lower on Wednesday after investors digested fresh employment data. The yield on the benchmark 10-year Treasury note fell 2 basis points to 0.64% while the yield on the 30-year Treasury bond dipped 5 basis points to 1.37%. Data on Wednesday showed private payrolls increased by 428,000 in August, about double that of July but well below Dow Jones estimates of 1.17 million, according to the latest count from ADP. (CNBC)

Source: Danareksa Sekuritas Debt Research

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