Large-Scale Social Restrictions (PSBB) Re-Implemented by the DKI Jakarta Provincial Government

Large-Scale Social Restrictions (PSBB) re-implemented by the DKI Jakarta Provincial Government will be more flexible starting next week. Apart from keeping 11 economic sectors open, the central government has requested that office hours be applied more loosely, with a share of 50% in offices and 50% work from home (WFH). The DKI Jakarta Provincial Government is also asked to remove the odd-even system to prevent the spread of Covid-19 in the transportation sector. (Investor Daily)

Treasury yields rose slightly on Thursday as investors digested the latest jobless claims data that came in worst than expected. The yield on the benchmark 10-year Treasury note gained one basis point at 0.711% and the yield on the 30-year Treasury bond was also slightly higher at 1.474%. (CNBC)

ECB President Christine Lagarde said the surging euro must be monitored for its impact on prices, but she didn’t signal any pressing need to adjust monetary policy. The currency jumped to the highest in more than a week. Speaking after the ECB kept its pandemic bond-buying program unchanged at 1.35 trillion euros ($1.61 trillion) and the deposit rate at -0.5%, Lagarde said officials will “carefully assess incoming information, including developments in the exchange rate, with regard to its implications for the medium-term inflation outlook.” (Bloomberg)

Photo by trail on Unsplash