{"id":9315,"date":"2022-11-11T00:00:00","date_gmt":"2022-11-10T17:00:00","guid":{"rendered":"http:\/\/mandiri.test\/uncategorized-id\/bond-market-commentary-oct-2022\/"},"modified":"2026-01-19T16:36:22","modified_gmt":"2026-01-19T09:36:22","slug":"bond-market-commentary-oct-2022","status":"publish","type":"post","link":"https:\/\/mandiri-invest.azdevs.my.id\/en\/market-update\/bond-market-commentary-oct-2022\/","title":{"rendered":"Bond Market Commentary : October 2022"},"content":{"rendered":"

Half Way Through<\/h2>\n

 <\/p>\n

The US 10-year Treasury yield shot up to 4,2% in October 2022 as the employment data in the US market was still strong and the inflation was relatively high. Therefore the Fed added another 75 bps to its benchmark rate, FFR, which became 3.25%. The condition forced other countries to adjust their benchmark rates higher in order to keep the attractiveness of their currencies, including Indonesia. Bank Indonesia raised their benchmark rate BI 7DRRR by 50 bps and reached 4.75% in October 2022. This is one way for BI to keep the attractiveness of Rupiah assets by keeping the rate spread between US FFR and BI 7D RRR. The INDOGB 10-year yield reached 7.6% in October 2022 resulting in a narrow spread of hovering around 340 \u2013 400 bps with the US 10-year Treasury yield.<\/p>\n

The narrative of the global market has changed expecting the Fed\u2019s rate hike at a slower pace. If the expected rate peak of the FFR is 4.5% and the US 10-year Treasury yield has reached 4.2%, we think the higher bond yield movement is getting limited. By having this condition, we suggest investors build up a position in bond funds, either in USD or Rupiah INDOGB bond funds. At the moment, the IDR INDOGB yield curve is still going to shape bearish flattening while the USD INDOGB yield curve can shift parallel down. Our INDOGB targeted yield by end of the year 2022 is around 7.00% – 7.50%.<\/p>\n

 <\/p>\n

Rekomendasi Produk<\/h2>\n

 <\/p>\n\n\n\n\n\n\n\n
PRODUK<\/th>\n<\/tr>\n<\/thead>\n
MIDU<\/a><\/td>\nReksa Dana MIDU berinvestasi pada Instrumen Obligasi dengan segmen Jangka Menengah dan dikategorikan berisiko rendah – menengah.
\nInvestor memiliki risiko atas Portofolio Obligasi tersebut.<\/td>\n<\/tr>\n
IDAMAN<\/a><\/td>\nReksa Dana IDAMAN berinvestasi pada Obligasi Pemerintah Indonesia USD dengan durasi pendek dan dikategorikan berisiko menengah.
\nInvestor memiliki risiko atas Portofolio Obligasi tersebut.<\/td>\n<\/tr>\n
MIDO2<\/a><\/td>\nReksa Dana MIDO2 berinvestasi pada Obligasi Pemerintah Indonesia Rupiah dengan durasi panjang dan dikategorikan berisiko tinggi.
\nInvestor memiliki risiko atas Portofolio Obligasi tersebut.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\n

<\/h3>\n

Info Lebih Lanjut<\/h3>\n

Hubungi Mandiri Investasi –\u00a0(021) 526 3505<\/a>
\nWhatsapp Mandiri Investasi – 0816 86 0003
\nEmail Mandiri Investasi – cs@mandiri-investasi.co.id
\nMandiri Investasi –\u00a0www.mandiri-investasi.co.id<\/a>
\nMoinves –\u00a0www.moinves.co.id<\/a><\/p>\n

 <\/p>\n

\n

 <\/p>\n

DISCLAIMER<\/em>
\n
\nPendapat yang diungkapkan dalam artikel adalah untuk tujuan informasi umum saja dan tidak dimaksudkan untuk memberikan saran atau rekomendasi khusus untuk individu atau produk keamanan atau investasi tertentu. Ini hanya dimaksudkan untuk memberikan edukasi tentang industri keuangan. Pandangan yang tercermin dalam konten dapat berubah sewaktu-waktu tanpa pemberitahuan. Seluruh data kinerja dan return investasi yang tertera di artikel ini tidak dapat digunakan sebagai dasar jaminan perhitungan untuk membeli atau menjual suatu efek. Data tersebut merupakan catatan kinerja berdasarkan data historis dan bukan merupakan jaminan atas kinerja suatu efek di masa mendatang. Investasi melalui reksa dana mengandung risiko. Investor wajib membaca dan memahami prospektus sebelum memutuskan untuk berinvestasi melalui reksa dana.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bank Indonesia raised BI 7DRRR benchmark interest rate by 50 bps, this is one of BI’s ways to maintain the attractiveness of Rupiah assets.<\/p>\n","protected":false},"author":2,"featured_media":6667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[368,382],"tags":[365],"class_list":["post-9315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-english"],"acf":[],"yoast_head":"\nBond Market Commentary : October 2022 - Mandiri Investasi<\/title>\n<meta name=\"description\" content=\"Bank Indonesia raised BI 7DRRR benchmark interest rate by 50 bps, this is one of BI's ways to maintain the attractiveness of Rupiah assets.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bond Market Commentary : October 2022 - 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