Indonesia's sovereign debt rating upgrade by Standard & Poor's on May 19, 2017, to BBB- and its entry into investment grade triggered a rise in government bond (Surat Utang Negara/SUN) prices. Benchmark SUN prices for 5-year, 10-year, 15-year, and 20-year tenors closed higher, while their yields fell.
On May 19, 2017, the price of 5-year SUN closed at 101.2571, up 10 basis points (bps) from the previous day's close, while its yield fell 0.2 bps to 6.699 percent. The price of 10-year SUN closed at 100.5, up 85 bps, while its yield fell 12 bps to 6.929 percent.
The price of 15-year SUN closed at 100.25, up 62 bps, while its yield fell 0.69 bps to 7.47 percent. The price of 20-year government bonds closed at 106, up 150 bps, while its yield fell 15 bps to 7.646 percent.