Jakarta, CNBC Indonesia- Sucor Sekuritas economist, Ahmad Mikail, assesses that the Indonesian bond yield position in the range of 6.3% or 6.2%, which follows the decline in US treasury yields, will be a positive sentiment for the domestic capital market.
When SUN yields decline along with the government’s steps to increase global bonds and the end of the increase in benchmark interest rates, this will encourage the flow of foreign funds back into the stock market. This is expected to be a positive sentiment for the JCI rally at the end of 2023.
What sentiments will influence the movement of the Indonesian capital market at the end of 2023 until 2024? For further details, see Syarifah Rahma’s dialogue with Sucor Sekuritas Economist, Ahmad Mikail at Power Lunch,CNBCIndonesia (Wednesday, 11/22/2023)