BI: Long-tenor SRBI yield eases to 7 percent in this week's auction

Bank Indonesia (BI) reported that the weighted average yield on 12-month Bank Indonesia Rupiah Securities (SRBI) won at the primary market auction on Friday declined to 7 percent.

In the previous auction on 14 August 2026, the weighted average yield on the 12-month tenor won was recorded at 7.37 percent.

Erwin Gunawan Hutapea of BI’s Monetary and Securities Asset Management Department said in a statement in Jakarta on Friday that the decline was in line with the average yield offered by auction participants.

The weighted average yield on 12-month SRBI bids fell from 7.45 percent on 14 August 2026 to 7.08 percent on 28 August 2026.

The central bank absorbed a total of Rp24 trillion in SRBI at Friday’s auction from Rp43.5 trillion in incoming bids. This figure was higher than the auction on 14 August 2026, when the nominal amount won reached Rp20 trillion.

“This development is in line with money market and banking liquidity conditions that Bank Indonesia continues to maintain through measured management of monetary instruments,” Erwin said.

He added that going forward, Bank Indonesia will continue to optimise monetary instruments, including SRBI, to maintain adequate liquidity, support money market and rupiah stability, and continue to attract foreign portfolio inflows.

Based on Bank Indonesia publications, the weighted average yield on long-tenor SRBI in the secondary market is also on a downward trend.

The weighted average yield on the 12-month tenor declined from 7.45 percent on 18 August 2026 to 7.00 percent on 20 August 2026.

This downward trend also occurred in short tenors in the secondary market. Based on the latest data as of 21 August 2026, the weighted average yield on the 6-month tenor eased to 6.70 percent and the 3-month tenor fell to 6.72 percent.