Indonesian authorities pledged to maintain retail inflation






Indonesian authorities pledged to maintain retail inflation in a range of 2%-4% this year as they seek to foster household consumption and purchasing power to support growth in Southeast Asia’s largest economy. The government will seek to frontload budget spending and ensure speedy disbursement of funds to local governments and agencies to maintain economic growth momentum, Iskandar Simorangkir, a deputy for macroeconomics and financial coordination at the Finance Ministry tells reporters in Jakarta Thursday. (Bloomberg)

Treasury yields fell on Thursday, following a sharp rise in the reported number of new coronavirus deaths. The yield on the benchmark 10-year Treasury note, was lower at around 1.5763%, while the yield on the 30-year Treasury bond was also lower at around 2.0449%. Market focus is largely attuned to China’s fast-spreading coronavirus. China confirmed 15,152 new cases of the flu-like virus on Thursday, with 254 additional deaths. That brings the country’s total death toll to 1,367 as the number of people infected hit 59,804, according to the government. (CNBC)

 

Source: Danareksa Sekuritas Debt Research
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