JAKARTA: Investors are suggested to hold short-term transaction in the bond market for anticipating highly-fluctuated potency market. “ A statement of S&P may sustain the market to strengthen further.”
A bond analyst at PT Mega Capital Indonesia Ariawan viewed the strengthening tendency of bond market in Indonesia is still quite high , but is relatively limited.
“Expectedly, the statement of S&P that Indonesia’s rating will be still maintained at previous level, may control the strengthening potency of the market further,” he said through a daily research yesterday.
Considering the highly fluctuated market, he assessed the short-term trade could be attractive strategy for investors.
In the closing session in the end of last week, the prices of government-bond benchmarks were closed up. FR0060 strengthened 5.9 basis points (bps) to 104.909, while FR0061 also climbed up 47.9 bps to 108.950, FR0059 rose 61.1 to 106.762, and FR0058 increased 56.2 bps to 116.897.
The great performances driven up rally of government-bond (SUN) price index in Indonesia Bond Pricing Agency (IBPA) version by 0.29 points or 0.22% to 131.835 from 131.550. Meanwhile, total return index of bonds was also recorded up by 3.63% year to date. (t01/aph)