Comparison of Stock and Bond Prospects for the Election Year

The election and global rate-cutting trend will mainly drive next year’s market dynamics. Despite having different characteristics, various market players deem the stock and bond markets promising.

Emanuel Berkah Caesario

29 Des 2023 - 20.42
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Comparison of Stock and Bond Prospects for the Election Year

Illustration - Stock investment./Bisnis

Bisnis, JAKARTA — The upcoming 2024 general election period raises questions about the prospects of domestic investment instruments, particularly stocks and bonds. The main predictable sentiments expected to shape the market dynamics 2024 are the election and the bets on global rate cuts. Both of these generally generate bullish sentiments for the market.

Currently, both stock and bond instruments appear to be strengthening. Yesterday (12/28/2023), the day before the last trading day of 2023, the IDX Composite (IHSG) is seen hitting a year-high again, briefly touching the level of 7,304.68 in the second intraday trading session.

Meanwhile, the yield of the 10-year government bonds (SUN) is declining, around 6.565%, according to data from worldgovernmentbonds.com. This yield has continued to decrease from its peak position earlier this year, which reached 7.3% on October 23, 2023.

The declining yield reflects an increase in bond prices. The 10-year SUN refers to the overall Indonesian bond market, including corporate bonds, reflecting overall market strengthening.

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Editor: Yusuf Waluyo Jati
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Comparison of Stock and Bond Prospects for the Election Year

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