Bond Market 9 August 2021

Based on the DMO bond flow data as of 5-Aug, the biggest net buyer in the conventional bond auction on 3-Aug was still onshore banks at Rp19.6tn, followed by foreign investors at Rp6.9tn—the biggest foreign buying so far this year. Meanwhile, BI and institutional non-banks did net buys of only Rp3.5tn and Rp3.9tn, respectively. Thus, BI has already bought government bonds in the primary market (including sukuk) totaling Rp130.6tn YTD or only 20.2% of total issuances through auction and bought Rp5.7tn in the secondary market. (Source: Mandiri Sekuritas).

BI purchases through bond auction is decreasing amid increasing trend of incoming bids

Ytd, net buy from institutional non banks and retail up significantly compared to same period last year

Source: Mandiri Sekuritas

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