Bond Market Update Samuel Daily Fixed Income Research Economics-Exchange Rate-Fixed Income Economic & Fixed Income Analysis 7 September 2021 www.samuel.co.id Page 1 of 3 Berita Global IHS Markit Germany Construction PMI bulan Agustus turun ke 44.6 dari 47.1 di bulan sebelumnya – Investing. U.K. Construction Purchasing Managers Index turun ke 55.2 (konsensus 56.9) dari 58.7 di Juli – Investing. China makin membuka pasar keuangan mereka untuk investor asing dan mendorong integrasi pasar keuangan global, termasuk mendorong skema Shanghai-London Stock Connect – Shanghai Daily. Saudi Aramco memangkas harga jual minyak mereka setidaknya USD1 per barel untuk kawasan Asia – Reuters. El Salvador akan melegalkan bitcoin pada hari ini (7/9) – Reuters. Berita Domestik Indonesia dan Tiongkok memulai implementasi local currency settlement – Bank Indonesia. PPKM Jawa-Bali diperpanjang hingga 13 September 2021, sementara luar Jawa-Bali diperpanjang hingga 20 September 2021 – Kontan. BLT untuk PKL hingga Rp 1.2 juta segera cair – Kontan Pemerintah menerbitkan PP 93/2021 tentang PPh baru pengalihan partisipasi interes kegiatan hulu migas – Bisnis Indonesia. Kementerian ESDM mengumumkan harga batu bara acuan September 2021 sebesar USD150.03 per ton – Bisnis Indonesia. BI mencatat QRIS telah digunakan oleh 9.4 juta merchant sampai dengan 6 September 2021 – Investor Daily. Analisa Lemahnya data PMI Jerman dan Inggris serta data tenaga kerja AS di minggu lalu diharapkan menunda rencana tapering Fed ataupun ECB setidaknya hingga akhir tahun. Implementasi LCS Indonesia-China diharapkan menjaga stabilitas Rupiah dan menjaga permintaan komoditas ekspor Indonesia ke China. Kami perkirakan yield SUN 10 Tahun akan bergerak turun dan berada diantara 6.03% – 6.13% pada Selasa (7/9). Rekomendasi : FR0076; FR0079; FR0086; FR0087; FR0090. Indikator Terkini Sources: Bloomberg and Samuel Research Team (2021) Latest H-1 Daily YTD Policy Rate US 0.25 0.25 0.00 EU 0.00 0.00 0.00 England 0.10 0.10 0.00 Japan -0.10 -0.10 0.00 China 4.35 4.35 0.00 Indonesia 3.50 3.50 (0.25) Exchange Rate Dollar Index 92.04 92.04 0.00 2.33 EUR/USD 1.19 1.19 (0.08) (2.82) GBP/USD 1.38 1.39 (0.25) 1.21 JPY/USD 0.01 0.01 (0.14) (6.06) CNY/USD 0.15 0.15 (0.04) 1.06 USD/IDR 14,223 14,263 (0.28) 1.23 10 Year Government Bond Yields US 1.32 1.32 0.00 0.41 EU -0.37 -0.36 (0.01) 0.20 England 0.69 0.72 (0.02) 0.50 Japan 0.05 0.04 0.01 0.03 China 2.83 2.83 0.00 (0.31) SUN Yields 1 Year 2.76 2.76 0.00 (0.47) 2 Year 3.91 3.95 (0.04) 0.18 5 Year 5.03 5.02 0.00 (0.14) 10 Year 6.09 6.09 (0.00) 0.22 30 Year 6.79 6.79 (0.01) (0.17) Indonesia CDS 5 Year 66.72 66.75 (0.05) (1.57) Corporate Bond Yields AAA Rated 1 Year 3.75 3.74 0.01 (1.44) 2 Year 4.98 4.99 (0.01) (0.64) 5 Year 6.20 6.17 0.03 (0.80) 10 Year 7.40 7.40 0.00 (0.21) ICBI 328.06 327.78 0.08 4.39 IndoBex -Govt 321.78 321.51 0.28 4.12 IndoBex-Corp 357.66 357.50 0.16 7.38 Domestic InterBank Money Market INDONIA 2.80 2.79 0.01 (0.24) JIBOR 1 Bulan 3.45 3.48 (0.02) (0.26) IHSG (Jakarta Composite Index) 6,126.94 6,126.92 0.00 2.47 Changes (%) Indicators Closed Kalender Ekonomi Date Release Country Data Period Survey Prior 7 Sep 21 CN Trade Balance (USD) Ags 51.05B 56.59B 7 Sep 21 ID FX Reserves (USD) Ags 137.30B 7 Sep 21 GE German ZEW Economic Sentiment Sep 30.0 40.4 Note: JN=Japan - US=United States - CN=China - EU=European Union - GE=Germany - GB=England - ID=Indonesia Sources : Investing and Samuel Research Team (2021) Fikri C Permana Senior Economist f[email protected]
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Bond Market Update
Samuel Daily Fixed Income Research
Economics-Exchange Rate-Fixed Income
Economic & Fixed Income Analysis 7 September 2021
www.samuel.co.id Page 1 of 3
Berita Global
IHS Markit Germany Construction PMI bulan Agustus turun ke 44.6 dari
47.1 di bulan sebelumnya – Investing.
U.K. Construction Purchasing Managers Index turun ke 55.2 (konsensus
56.9) dari 58.7 di Juli – Investing.
China makin membuka pasar keuangan mereka untuk investor asing dan
mendorong integrasi pasar keuangan global, termasuk mendorong
7 Sep 21 GE German ZEW Economic Sentiment Sep 30.0 40.4
Note: JN=Japan - US=United States - CN=China - EU=European Union - GE=Germany - GB=England - ID=Indonesia Sources : Investing and Samuel Research Team (2021)
DISCLAIMERS :Analyst Certification : The views expressed in this research accurately reflect the personal views of the analyst(s) about the subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in th is research. The analyst(s) principally responsible for the preparation of this research has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations. This document is for information only and for the use of the recipient. It is not to be reproduced or copied or made available to others. Under no circumstances is it to be considered as an offer to sell or solicitation to buy any security. Any recommendation contained in this report may not be suitable for all investors. Moreover, although the information contained herein has been obtained from sourc es believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights reserved by PT Samuel Sekuritas Indonesia.