• USD/IDR is down at 15,698 in Jakarta morning; versus yesterday's close of 15,700.
• Rupiah’s recent moves has taken it back in line with the 200-day EMA of 15,716 where for now it appears anchored.   
• Bloomberg Dollar spot index is 0.09% higher.
• USD/IDR one-month implied volatility is down this morning to 9.1175%, versus 9.39% yesterday’s close.
• Indonesia's 10-year bond yield is at 6.847%
• Indonesia’s 5 yr USD CDS at 67bps (yesterday close 67bp, 5-year low 58bp in 2020).

Headlines

• Days after taking charge of Southeast Asia’s biggest economy, Indonesia’s president needs a plan to deal with rising borrowing costs for key state-owned enterprises carrying $186 billion of debt (source:  BBG).
• Foreign investors are piling into Indonesian sovereign bonds, drawn by the new president’s signals for fiscal discipline and their appetite for emerging market alternatives given US election-related volatility (source: BBG).

Data Releases

• 01 NOV  -  S&P Global Indonesia PMI Manufacturing
• 01 NOV - CPI NSA MoM
• 01 NOV - CPI Core YoY
• 01 NOV - CPI YoY

Government Bond Auction

• None.