Indonesian government bonds—both rupiah denominated bonds valuing Rp20 trillion and global bonds worth US$2 billion and 1 billion euros—have sold out with lower coupons. Secondly, the US-China trade war has also deescalated. Both parties signed an agreement on January 15. As global trade is no longer hampered, investors can look forward to a faster-moving world economy.

The positive effects of those boons has been felt. The f