{"id":9391,"date":"2023-04-10T00:00:00","date_gmt":"2023-04-09T17:00:00","guid":{"rendered":"http:\/\/mandiri.test\/uncategorized-id\/bond-market-commentary-march-2023\/"},"modified":"2026-01-19T16:36:25","modified_gmt":"2026-01-19T09:36:25","slug":"bond-market-commentary-march-2023","status":"publish","type":"post","link":"https:\/\/mandiri-invest.azdevs.my.id\/en\/market-update\/bond-market-commentary-march-2023\/","title":{"rendered":"Bond Market Commentary : March 2023"},"content":{"rendered":"

Changing Narrative<\/h2>\n

In March 2023, the yield movement was volatile due to the rapidly changing environment. At the beginning of the month, the market still expected the Fed to extend the hike in combating inflation. But, as one of the US banks declared default, the market thinks that is a big sign that there might be a hidden big risk that banks might face difficulty if the benchmark rate was hiked further. We see the US Treasury yields declined significantly followed by IndoGB yields. The spread between those two benchmark yields is hovering around 350 bps. BI has paused raising the BI 7DRRR for two consecutive months (February and March 2023) because the exchange rate of the Rupiah has stabilized and domestic inflation keeps declining. The exchange rate of the Rupiah reached below Rp 15.000 per USD, while inflation returned to below 5,00% in March 2023 for the first time since the fuel hike in September 2022. Having said that, we still keep our IndoGB yield target at 7.00% – 7.50% because there are many uncertainties in the market and the Indonesian Government still keep the attractiveness in bond issuance. We have been precise in recommending short-duration funds for investors and we continue to recommend the same strategy, especially approaching the long festive season in April 2023.<\/p>\n

<\/h2>\n

Rekomendasi Produk<\/h2>\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":"

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