Fixed Income Daily Notes
August 08, 2018
Fixed Income Daily Notes
8.50
(-1 day)
6.64
7.26
7.41
7.62
7.69
7.74
7.95
7.91
7.91
7.80
8.15
8.19
8.49
(-1 week)
6.70
7.31
7.38
7.62
7.67
7.79
7.89
7.89
7.87
7.77
8.15
8.16
8.48
(-1 month)
7.30
7.53
7.61
7.66
7.60
8.08
7.96
7.89
7.89
7.72
8.17
8.12
7.82
7.50
Yield (%)
Indonesia Government Bonds Yield
Maturities (Year)
7-Aug
01
6.62
02
7.23
03
7.39
04
7.57
05
7.67
06
7.90
07
7.92
08
7.90
09
7.89
10
7.77
15
8.12
20
8.17
30
8.49
Source: Bloomberg
6.50
5.50
4.50
01
02
03
04
05
06
07
08
09
10
15
20
30
Maturities (Year)
7-Aug
(-1 day)
(-1 week)
(-1 month)
Global Market Update
At Tuesday, August 07, US 10-year treasury yield
rose to 2.97% after asset shifting toward stock
market. Majority of global benchmark bond yield
was also move upward, indicated by 10-years UK
gilt and German bund that rose to 1.32% and
0.41% respectively.
Yield US Treasury pada hari Selasa, 07 Agustus 2018
ditutup naik ke level 2,97% akibat adanya
kecenderungan perpindahan aset investor ke pasar
saham akibat adanya kenaikan secara umum di pasar
saham AS. Senada dengan kondisi di pasar obligasi AS,
dari pasar obligasi global, yield acuan global sebagian
besar juga ditutup mengalami kenaikan, terlihat dari
yield 10 tahun UK Gilt dan German Bund yang ditutup
naik ke level 1,32% dan 0,41%.
Domestic Market Update
Foreign exchange reserves of Indonesia for July
decreased USD 1.5 billion to USD 118.3 billion.
This decreasing was caused by BI intervention to
stabilize Rupiah in July. Currently, Indonesia
foreign exchange reserves are equal 6.7 month
import and debt financing. However, foreign
exchange reserves which have been decreasing 6
month in a row is a signal for government to implement policy related to foreign exchange
reserves.
Posisi cadangan devisa Indonesia pada bulan Juli
kembali mengalami penurunan sebesar US$ 1,5 miliar
menjadi US$ 118,3 miliar. Penurunan ini disebabkan
oleh intervensi Bank Indonesia untuk stabilisasi nilai
Rupiah pada Bulan Juli. Posisi cadangan devisa saat ini
menurut Bank Indonesia (BI), masih setara dengan 6,7
bulan pembiayaan impor dan pembayaran utang luar
negeri Indonesia, di atas standar kecukupan
internasional, 3 bulan impor. Meskipun demikian,
penurunan ini merupakan penurunan yang keenam
kalinya secara berturut-turut sejak Februari 2018, dan
ini merupakan sinyal penting bagi pemerintah
Indonesia untuk melakukan intervensi kebijakan terkait
cadangan devisa.
Today, Government bond prices on the secondary
market are likely to weaken because of higher US
10-years treasury yield. Rupiah will be ranging
from IDR 14,429—14,463 and yield of 10 year
benchmark bond (FR0064) will be ranging from
7.74% - 7.77%.
Hari ini, pergerakan harga SBN secara umum di pasar
sekunder diprediksi cenderung melemah akibat naiknya
yield AS. Nilai tukar rupiah terhadap dolar AS diprediksi
bergerak pada kisaran Rp14.429 – Rp14.463 sedangkan
yield benchmark 10 tahun (FR0064) pada perdagangan
hari ini diperkirakan bergerak di rentang 7,74% 7,77%.
August 08, 2018
Last Price
Last Yield
94.80
92.30
98.11
87.60
89.40
98.37
102.49
100.35
94.75
107.25
7.08
7.58
7.52
8.08
7.69
5.00
7.81
8.21
8.03
7.97
Volume
(IDR bn)
1663
1337
1272
973
903
767
717
644
507
493
Chg (bps)
-9.88
11.34
11.02
54.66
429.32
155.42
74.22
126.73
54.70
49.98
% Chg
-0.16%
0.64%
0.65%
1.66%
1.54%
0.69%
2.74%
0.50%
0.71%
0.40%
% YTD
-4.16%
-0.32%
-2.65%
-1.8%
-5.6%
-0.45%
-15.96%
3.68%
0.40%
-2.1%
7-Aug
14,429
1.294
111.4
1.364
33.22
4.076
(-1 day)
14,486
1.294
111.4
1.368
33.35
4.082
7-Aug
(-1 week)
14,407
1.313
111.9
1.362
33.20
4.045
Consumer Price Index (MoM)
Consumer Price Index (YoY)
Core Inflation (YoY)
BI 7-Day RR Rate (%)
Foreign Reserve (US$ Bn)
Jul-18
0.28
3.18
2.87
5.25
118.3
Jun-18
0.59
3.12
2.72
5.25
119.8
May-18
0.21
3.23
2.75
4.75
122.9
Indonesia Sovereign CDS
As of
7-Aug
(-1 Day)
(-1 Week)
(-1 Month)
(-1 Year)
2-year
39.30
40.60
42.09
47.44
44.00
5-year
110.97
114.65
111.78
123.54
108.95
10-year
191.12
196.08
190.61
207.20
182.05
Most Active Government Bonds
FR0074
FR0063
PBS016
FR0065
FR0064
FR0061
FR0070
FR0072
FR0075
FR0071
Global Stock Marketss
Indonesia (JCI)
Malaysia (KLCI)
Thailand (SET)
Singapore (STI)
Hang Seng
Nikkei 225
Shanghai
Dow Jones (DJIA)
London (FTSE 100)
DAX
Last Price
6091
1791
1707
3340
28249
22663
2779
25629
7718
12648
FX Rate
USD/IDR
GBP/USD
USD/JPY
USD/SGD
USD/THB
USD/MYR
Macroeconomic Data
Most Active Corporate Bonds
BFIN04BCN1
BEXI04ACN1
BNII02ACN1
MYOR01CN3
BPFI02CN1
BNGA02SB
BEXI03ACN6
MDLN01BCN1
PNMP02BCN1
AKRA01B
Last Yield
AA-(idn)
idAAA
idAAA
idAA
idBBB
AA(idn)
idAAA
idA
idA
idAA-
100.00
99.00
98.75
95.95
100.00
104.75
96.00
102.35
100.55
100.95
6.42
7.90
8.38
7.53
8.06
7.72
8.12
8.91
7.44
6.84
7-Aug
(-1 day)
2.00
2.55
2.73
2.97
2.95
2.00
2.53
2.72
2.94
2.96
2.00
2.51
2.72
2.96
2.97
2.00
2.49
2.76
2.85
3.07
1.32
0.41
0.73
3.49
0.11
2.73
2.74
4.02
2.44
1.30
0.39
0.71
3.46
0.10
2.73
2.74
4.03
2.45
1.33
0.44
0.73
3.48
0.06
2.73
2.71
4.07
2.45
1.30
0.32
0.65
3.54
0.04
2.73
2.59
4.08
2.44
3.75
4.34
4.94
3.76
4.36
4.97
3.73
4.29
4.94
3.90
4.47
5.17
7-Aug
(-1 day)
5.04
6.40
7.01
5.01
6.40
7.01
5.00
6.45
7.09
4.94
7.19
7.35
2.08
2.34
2.52
2.08
2.34
2.52
2.08
2.35
2.53
2.07
2.34
2.51
5.75
13.8
5.75
13.6
5.74
13.7
5.74
14.1
7-Aug
98.35
94.69
94.34
100.15
(-1 day)
98.18
94.69
94.11
99.72
Change
17
1
23
43
Yield
7.51%
7.85%
8.19%
8.23%
Global Bonds
Fed Fund Rate & US T-Bonds Yield
Fed Fund Rate
2-Year
5-Year
10-Year
30-Year
10-Year Government Bond Yield
UK
Germany
France
China
Japan
Korea
Thailand
Malaysia
Singapore
Indonesia USD Bond Yield
INDO-22
INDO-27
INDO-47
Money Market
JIBOR
O/N
1M
3M
LIBOR
1M
3M
6M
Indonesia Interest Rates
Deposit 1M
Lending
Benchmark
FR0061
FR0059
FR0074
FR0072
Volume
(IDR bn)
480
90
90
49
40
27
25
25
21
20
Last Price
7-Aug
(-1 week) (- 1 month)
7-Aug
(-1 week) (- 1 month)
Government Bond Ownership As of August 06, 2018 (in Trillion)
Holders
2013
Banks
335.43
Bank Indonesia
44.44
Mutual Fund
42.50
Insurance
129.55
Foreign Investor
323.83
Pension Fund
39.47
Individual Investors
32.48
Others
47.56
Total
995.25
Source: Bloomberg, IDX & DJPPR
2014
375.55
41.63
45.79
150.60
461.35
43.30
30.41
61.32
1,209.96
2015
350.07
148.91
61.60
171.62
558.52
49.83
42.53
78.76
1,461.85
2016
399.46
134.25
85.66
238.24
665.81
87.28
57.75
104.84
1,773.28
2017
491.61
141.83
104.00
150.80
836.15
198.06
59.84
117.48
2,099.77
1-Aug-18
578.33
100.99
113.0
189.8
839.29
209.08
63.39
132.17
2,226.06
2-Aug-18
588.90
103.45
113.5
190.1
844.99
209.46
63.44
132.21
2,246.06
3-Aug-18
597.38
92.99
113.3
190.0
847.14
209.48
63.47
132.25
2,246.06
6-Aug-18
594.28
95.31
113.3
190.1
847.71
209.53
63.51
132.31
2,246.06
August 08, 2018
Government Bonds Prices
Closing Price Data : 7-Aug-2018
Series
FR0038
FR0048
FR0069
FR0036
FR0031
FR0034
FR0053
FR0061
FR0035
FR0043
FR0063
FR0046
FR0039
FR0070
FR0044
FR0040
FR0037
FR0056
FR0059
FR0042
FR0047
FR0064
FR0071
FR0052
FR0073
FR0054
FR0058
FR0074
FR0065
FR0068
FR0072
FR0045
FR0075
FR0050
FR0057
FR0062
FR0067
FR0076
Maturity
15-Aug-18
15-Sep-18
15-Apr-19
15-Sep-19
15-Nov-20
15-Jun-21
15-Jul-21
15-May-22
15-Jun-22
15-Jul-22
15-May-23
15-Jul-23
15-Aug-23
15-Mar-24
15-Sep-24
15-Sep-25
15-Sep-26
15-Sep-26
15-May-27
15-Jul-27
15-Feb-28
15-May-28
15-Mar-29
15-Aug-30
15-May-31
15-Jul-31
15-Jun-32
15-Aug-32
15-May-33
15-Mar-34
15-May-36
15-May-37
15-May-38
15-Jul-38
15-May-41
15-Apr-42
15-Jul-43
15-May-48
TTM
0.02
0.11
0.69
1.11
2.28
2.86
2.94
3.77
3.86
3.94
4.77
4.94
5.02
5.61
6.11
7.11
8.11
8.11
8.78
8.94
9.53
9.78
10.61
12.03
12.78
12.95
13.87
14.03
14.78
15.61
17.78
18.78
138.47
19.95
22.79
23.70
24.95
29.79
Source: Bloomberg, IBPA & MCS Estimates
Coupon
11.600%
9.000%
7.875%
11.500%
11.000%
12.800%
8.250%
7.000%
12.900%
10.250%
5.625%
9.500%
11.750%
8.375%
10.000%
11.000%
12.000%
8.375%
7.000%
10.250%
10.000%
6.125%
9.000%
10.500%
8.750%
9.500%
8.250%
7.500%
6.625%
8.375%
8.250%
9.750%
7.500%
10.500%
9.500%
6.375%
8.750%
7.375%
Price
100.27
100.57
100.98
105.17
108.07
114.02
102.44
98.35
117.20
108.71
92.17
107.00
116.20
102.47
110.20
116.64
124.40
103.03
94.69
114.66
113.41
89.06
107.04
118.00
104.43
110.61
101.25
94.34
87.54
101.40
100.15
113.65
93.81
119.75
110.02
78.83
103.02
88.62
YTM
-4.32%
3.17%
6.37%
6.54%
7.07%
7.26%
7.31%
7.51%
7.65%
7.64%
7.61%
7.76%
7.79%
7.82%
7.86%
7.89%
7.87%
7.86%
7.85%
7.93%
7.96%
7.74%
8.00%
8.13%
8.18%
8.16%
8.10%
8.19%
8.08%
8.21%
8.23%
8.30%
8.13%
8.44%
8.50%
8.46%
8.46%
8.49%
Price (-1)
100.30
100.57
100.96
105.15
107.92
114.06
102.40
98.18
117.05
108.52
92.10
107.00
116.11
102.97
110.18
116.58
124.26
102.97
94.69
114.45
113.06
88.97
106.90
118.00
104.41
110.39
100.00
94.11
87.29
100.88
99.72
113.649
93.62
119.90
110.08
78.83
103.02
88.54
Price Spread (bps)
-2.7
0.7
1.8
1.8
14.9
-4.2
3.9
16.9
14.3
18.9
7.0
0.0
8.6
-49.6
2.0
6.1
14.3
5.4
0.5
21.3
34.4
9.4
13.6
0.0
2.3
21.9
125.0
22.6
24.1
51.9
43.1
0.0
19.0
-15.0
-6.3
0.0
0.0
8.4
August 08, 2018
Macroeconomic Indicator
IndicatorCalendar
Calendar
(19 - 23
2018)
Macroeconomic
(August
06Maret
- August
10 2018)
INDONESIA
Date
Indicator
Series
Data
Actual
Previous
Projection
06
Economic Growth Rate (QoQ)
Quarter-II
4.21%
-0.42%
2.02%
06
Economic Growth Rate (YoY)
Quarter-II
5.27%
5.06%
5.10%
06
Consumer Confidence
Jul-18
124.8
128.1
128
07
Foreign Exchange Reserves
Jul-18
10
Current Account
Quarter-II
USD 118.3 billion USD 119.8 billion USD 119 billion
-
USD -5.5 billion
USD -5.6 billion
GLOBAL
Date
Indicator
Actual
Previous
Projection
07
Balance of Trade
Germany
Jun-18
EUR 21.8 billion
EUR 19.7 billion
EUR 24.5 billion
08
Balance of Trade
China
Jul-18
-
USD 41.61 billion
USD 26 billion
08
Crude Oil Inventory
US
Week Ended,
Aug 03 - 2018
-
3.80 million barrel -1.40 million barrel
09
Inflation Rate (YoY)
China
Jul-18
-
1.9%
2.1%
09
10-Year Note Auction
US
-
-
2.86%
-
09
Wholesale Inventories
(MoM)
US
Jun-18
-
0.4%
0%
09
Initial Jobless Claims
US
Week Ended,
Aug 04-2018
-
218 thousand
217 thousand
US
Week Ended,
July 28-2018
-
1724 thousand
1736 thousand
09 Continuing Jobless Claims
Country Series Data
10
Econ. Growth Annualized
Prelim.
Japan
Quarter-II
-
-0.6%
0.9%
10
Econ. Growth Prelim.
(YoY)
United
Kingdom
Quarter-II
-
1.2%
1.4%
10
Inflation Rate (YoY)
US
Jul-18
-
2.9%
2.9%
Source: Tradingeconomics, Bloomberg, and MCS Estimates (2018)
August 08, 2018
PT. MEGA CAPITAL SEKURITAS
Head Office
Menara Bank Mega Lt. 2
Jl. Kapten P. Tendean Kav 12-14A
Jakarta 12790
Dealing Room
Phone No
: +62 21 7995795
Fax No
: +62 21 79175965
Eva Sarah Hutabarat
[email protected]
Head of Debt Capital
Market
Cicih Sukaesih
[email protected]
Debt Sales
Emilda Mardiyanti
[email protected]
Debt Sales
Ajeng Palupi P.
[email protected]
Debt Sales
Qolbie Ardie
[email protected]
Economist &
Fixed Income Analyst
Siti Maulina M.
[email protected]
Administrative
Assistant
DISCLAIMER
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 and strictly a personal view and should not be used as a sole judgment for investment. Moreover, although the information
contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights
Fixed Income Daily Notes
8.50
(-1 day)
6.64
7.26
7.41
7.62
7.69
7.74
7.95
7.91
7.91
7.80
8.15
8.19
8.49
(-1 week)
6.70
7.31
7.38
7.62
7.67
7.79
7.89
7.89
7.87
7.77
8.15
8.16
8.48
(-1 month)
7.30
7.53
7.61
7.66
7.60
8.08
7.96
7.89
7.89
7.72
8.17
8.12
7.82
7.50
Yield (%)
Indonesia Government Bonds Yield
Maturities (Year)
7-Aug
01
6.62
02
7.23
03
7.39
04
7.57
05
7.67
06
7.90
07
7.92
08
7.90
09
7.89
10
7.77
15
8.12
20
8.17
30
8.49
Source: Bloomberg
6.50
5.50
4.50
01
02
03
04
05
06
07
08
09
10
15
20
30
Maturities (Year)
7-Aug
(-1 day)
(-1 week)
(-1 month)
Global Market Update
At Tuesday, August 07, US 10-year treasury yield
rose to 2.97% after asset shifting toward stock
market. Majority of global benchmark bond yield
was also move upward, indicated by 10-years UK
gilt and German bund that rose to 1.32% and
0.41% respectively.
Yield US Treasury pada hari Selasa, 07 Agustus 2018
ditutup naik ke level 2,97% akibat adanya
kecenderungan perpindahan aset investor ke pasar
saham akibat adanya kenaikan secara umum di pasar
saham AS. Senada dengan kondisi di pasar obligasi AS,
dari pasar obligasi global, yield acuan global sebagian
besar juga ditutup mengalami kenaikan, terlihat dari
yield 10 tahun UK Gilt dan German Bund yang ditutup
naik ke level 1,32% dan 0,41%.
Domestic Market Update
Foreign exchange reserves of Indonesia for July
decreased USD 1.5 billion to USD 118.3 billion.
This decreasing was caused by BI intervention to
stabilize Rupiah in July. Currently, Indonesia
foreign exchange reserves are equal 6.7 month
import and debt financing. However, foreign
exchange reserves which have been decreasing 6
month in a row is a signal for government to implement policy related to foreign exchange
reserves.
Posisi cadangan devisa Indonesia pada bulan Juli
kembali mengalami penurunan sebesar US$ 1,5 miliar
menjadi US$ 118,3 miliar. Penurunan ini disebabkan
oleh intervensi Bank Indonesia untuk stabilisasi nilai
Rupiah pada Bulan Juli. Posisi cadangan devisa saat ini
menurut Bank Indonesia (BI), masih setara dengan 6,7
bulan pembiayaan impor dan pembayaran utang luar
negeri Indonesia, di atas standar kecukupan
internasional, 3 bulan impor. Meskipun demikian,
penurunan ini merupakan penurunan yang keenam
kalinya secara berturut-turut sejak Februari 2018, dan
ini merupakan sinyal penting bagi pemerintah
Indonesia untuk melakukan intervensi kebijakan terkait
cadangan devisa.
Today, Government bond prices on the secondary
market are likely to weaken because of higher US
10-years treasury yield. Rupiah will be ranging
from IDR 14,429—14,463 and yield of 10 year
benchmark bond (FR0064) will be ranging from
7.74% - 7.77%.
Hari ini, pergerakan harga SBN secara umum di pasar
sekunder diprediksi cenderung melemah akibat naiknya
yield AS. Nilai tukar rupiah terhadap dolar AS diprediksi
bergerak pada kisaran Rp14.429 – Rp14.463 sedangkan
yield benchmark 10 tahun (FR0064) pada perdagangan
hari ini diperkirakan bergerak di rentang 7,74% 7,77%.
August 08, 2018
Last Price
Last Yield
94.80
92.30
98.11
87.60
89.40
98.37
102.49
100.35
94.75
107.25
7.08
7.58
7.52
8.08
7.69
5.00
7.81
8.21
8.03
7.97
Volume
(IDR bn)
1663
1337
1272
973
903
767
717
644
507
493
Chg (bps)
-9.88
11.34
11.02
54.66
429.32
155.42
74.22
126.73
54.70
49.98
% Chg
-0.16%
0.64%
0.65%
1.66%
1.54%
0.69%
2.74%
0.50%
0.71%
0.40%
% YTD
-4.16%
-0.32%
-2.65%
-1.8%
-5.6%
-0.45%
-15.96%
3.68%
0.40%
-2.1%
7-Aug
14,429
1.294
111.4
1.364
33.22
4.076
(-1 day)
14,486
1.294
111.4
1.368
33.35
4.082
7-Aug
(-1 week)
14,407
1.313
111.9
1.362
33.20
4.045
Consumer Price Index (MoM)
Consumer Price Index (YoY)
Core Inflation (YoY)
BI 7-Day RR Rate (%)
Foreign Reserve (US$ Bn)
Jul-18
0.28
3.18
2.87
5.25
118.3
Jun-18
0.59
3.12
2.72
5.25
119.8
May-18
0.21
3.23
2.75
4.75
122.9
Indonesia Sovereign CDS
As of
7-Aug
(-1 Day)
(-1 Week)
(-1 Month)
(-1 Year)
2-year
39.30
40.60
42.09
47.44
44.00
5-year
110.97
114.65
111.78
123.54
108.95
10-year
191.12
196.08
190.61
207.20
182.05
Most Active Government Bonds
FR0074
FR0063
PBS016
FR0065
FR0064
FR0061
FR0070
FR0072
FR0075
FR0071
Global Stock Marketss
Indonesia (JCI)
Malaysia (KLCI)
Thailand (SET)
Singapore (STI)
Hang Seng
Nikkei 225
Shanghai
Dow Jones (DJIA)
London (FTSE 100)
DAX
Last Price
6091
1791
1707
3340
28249
22663
2779
25629
7718
12648
FX Rate
USD/IDR
GBP/USD
USD/JPY
USD/SGD
USD/THB
USD/MYR
Macroeconomic Data
Most Active Corporate Bonds
BFIN04BCN1
BEXI04ACN1
BNII02ACN1
MYOR01CN3
BPFI02CN1
BNGA02SB
BEXI03ACN6
MDLN01BCN1
PNMP02BCN1
AKRA01B
Last Yield
AA-(idn)
idAAA
idAAA
idAA
idBBB
AA(idn)
idAAA
idA
idA
idAA-
100.00
99.00
98.75
95.95
100.00
104.75
96.00
102.35
100.55
100.95
6.42
7.90
8.38
7.53
8.06
7.72
8.12
8.91
7.44
6.84
7-Aug
(-1 day)
2.00
2.55
2.73
2.97
2.95
2.00
2.53
2.72
2.94
2.96
2.00
2.51
2.72
2.96
2.97
2.00
2.49
2.76
2.85
3.07
1.32
0.41
0.73
3.49
0.11
2.73
2.74
4.02
2.44
1.30
0.39
0.71
3.46
0.10
2.73
2.74
4.03
2.45
1.33
0.44
0.73
3.48
0.06
2.73
2.71
4.07
2.45
1.30
0.32
0.65
3.54
0.04
2.73
2.59
4.08
2.44
3.75
4.34
4.94
3.76
4.36
4.97
3.73
4.29
4.94
3.90
4.47
5.17
7-Aug
(-1 day)
5.04
6.40
7.01
5.01
6.40
7.01
5.00
6.45
7.09
4.94
7.19
7.35
2.08
2.34
2.52
2.08
2.34
2.52
2.08
2.35
2.53
2.07
2.34
2.51
5.75
13.8
5.75
13.6
5.74
13.7
5.74
14.1
7-Aug
98.35
94.69
94.34
100.15
(-1 day)
98.18
94.69
94.11
99.72
Change
17
1
23
43
Yield
7.51%
7.85%
8.19%
8.23%
Global Bonds
Fed Fund Rate & US T-Bonds Yield
Fed Fund Rate
2-Year
5-Year
10-Year
30-Year
10-Year Government Bond Yield
UK
Germany
France
China
Japan
Korea
Thailand
Malaysia
Singapore
Indonesia USD Bond Yield
INDO-22
INDO-27
INDO-47
Money Market
JIBOR
O/N
1M
3M
LIBOR
1M
3M
6M
Indonesia Interest Rates
Deposit 1M
Lending
Benchmark
FR0061
FR0059
FR0074
FR0072
Volume
(IDR bn)
480
90
90
49
40
27
25
25
21
20
Last Price
7-Aug
(-1 week) (- 1 month)
7-Aug
(-1 week) (- 1 month)
Government Bond Ownership As of August 06, 2018 (in Trillion)
Holders
2013
Banks
335.43
Bank Indonesia
44.44
Mutual Fund
42.50
Insurance
129.55
Foreign Investor
323.83
Pension Fund
39.47
Individual Investors
32.48
Others
47.56
Total
995.25
Source: Bloomberg, IDX & DJPPR
2014
375.55
41.63
45.79
150.60
461.35
43.30
30.41
61.32
1,209.96
2015
350.07
148.91
61.60
171.62
558.52
49.83
42.53
78.76
1,461.85
2016
399.46
134.25
85.66
238.24
665.81
87.28
57.75
104.84
1,773.28
2017
491.61
141.83
104.00
150.80
836.15
198.06
59.84
117.48
2,099.77
1-Aug-18
578.33
100.99
113.0
189.8
839.29
209.08
63.39
132.17
2,226.06
2-Aug-18
588.90
103.45
113.5
190.1
844.99
209.46
63.44
132.21
2,246.06
3-Aug-18
597.38
92.99
113.3
190.0
847.14
209.48
63.47
132.25
2,246.06
6-Aug-18
594.28
95.31
113.3
190.1
847.71
209.53
63.51
132.31
2,246.06
August 08, 2018
Government Bonds Prices
Closing Price Data : 7-Aug-2018
Series
FR0038
FR0048
FR0069
FR0036
FR0031
FR0034
FR0053
FR0061
FR0035
FR0043
FR0063
FR0046
FR0039
FR0070
FR0044
FR0040
FR0037
FR0056
FR0059
FR0042
FR0047
FR0064
FR0071
FR0052
FR0073
FR0054
FR0058
FR0074
FR0065
FR0068
FR0072
FR0045
FR0075
FR0050
FR0057
FR0062
FR0067
FR0076
Maturity
15-Aug-18
15-Sep-18
15-Apr-19
15-Sep-19
15-Nov-20
15-Jun-21
15-Jul-21
15-May-22
15-Jun-22
15-Jul-22
15-May-23
15-Jul-23
15-Aug-23
15-Mar-24
15-Sep-24
15-Sep-25
15-Sep-26
15-Sep-26
15-May-27
15-Jul-27
15-Feb-28
15-May-28
15-Mar-29
15-Aug-30
15-May-31
15-Jul-31
15-Jun-32
15-Aug-32
15-May-33
15-Mar-34
15-May-36
15-May-37
15-May-38
15-Jul-38
15-May-41
15-Apr-42
15-Jul-43
15-May-48
TTM
0.02
0.11
0.69
1.11
2.28
2.86
2.94
3.77
3.86
3.94
4.77
4.94
5.02
5.61
6.11
7.11
8.11
8.11
8.78
8.94
9.53
9.78
10.61
12.03
12.78
12.95
13.87
14.03
14.78
15.61
17.78
18.78
138.47
19.95
22.79
23.70
24.95
29.79
Source: Bloomberg, IBPA & MCS Estimates
Coupon
11.600%
9.000%
7.875%
11.500%
11.000%
12.800%
8.250%
7.000%
12.900%
10.250%
5.625%
9.500%
11.750%
8.375%
10.000%
11.000%
12.000%
8.375%
7.000%
10.250%
10.000%
6.125%
9.000%
10.500%
8.750%
9.500%
8.250%
7.500%
6.625%
8.375%
8.250%
9.750%
7.500%
10.500%
9.500%
6.375%
8.750%
7.375%
Price
100.27
100.57
100.98
105.17
108.07
114.02
102.44
98.35
117.20
108.71
92.17
107.00
116.20
102.47
110.20
116.64
124.40
103.03
94.69
114.66
113.41
89.06
107.04
118.00
104.43
110.61
101.25
94.34
87.54
101.40
100.15
113.65
93.81
119.75
110.02
78.83
103.02
88.62
YTM
-4.32%
3.17%
6.37%
6.54%
7.07%
7.26%
7.31%
7.51%
7.65%
7.64%
7.61%
7.76%
7.79%
7.82%
7.86%
7.89%
7.87%
7.86%
7.85%
7.93%
7.96%
7.74%
8.00%
8.13%
8.18%
8.16%
8.10%
8.19%
8.08%
8.21%
8.23%
8.30%
8.13%
8.44%
8.50%
8.46%
8.46%
8.49%
Price (-1)
100.30
100.57
100.96
105.15
107.92
114.06
102.40
98.18
117.05
108.52
92.10
107.00
116.11
102.97
110.18
116.58
124.26
102.97
94.69
114.45
113.06
88.97
106.90
118.00
104.41
110.39
100.00
94.11
87.29
100.88
99.72
113.649
93.62
119.90
110.08
78.83
103.02
88.54
Price Spread (bps)
-2.7
0.7
1.8
1.8
14.9
-4.2
3.9
16.9
14.3
18.9
7.0
0.0
8.6
-49.6
2.0
6.1
14.3
5.4
0.5
21.3
34.4
9.4
13.6
0.0
2.3
21.9
125.0
22.6
24.1
51.9
43.1
0.0
19.0
-15.0
-6.3
0.0
0.0
8.4
August 08, 2018
Macroeconomic Indicator
IndicatorCalendar
Calendar
(19 - 23
2018)
Macroeconomic
(August
06Maret
- August
10 2018)
INDONESIA
Date
Indicator
Series
Data
Actual
Previous
Projection
06
Economic Growth Rate (QoQ)
Quarter-II
4.21%
-0.42%
2.02%
06
Economic Growth Rate (YoY)
Quarter-II
5.27%
5.06%
5.10%
06
Consumer Confidence
Jul-18
124.8
128.1
128
07
Foreign Exchange Reserves
Jul-18
10
Current Account
Quarter-II
USD 118.3 billion USD 119.8 billion USD 119 billion
-
USD -5.5 billion
USD -5.6 billion
GLOBAL
Date
Indicator
Actual
Previous
Projection
07
Balance of Trade
Germany
Jun-18
EUR 21.8 billion
EUR 19.7 billion
EUR 24.5 billion
08
Balance of Trade
China
Jul-18
-
USD 41.61 billion
USD 26 billion
08
Crude Oil Inventory
US
Week Ended,
Aug 03 - 2018
-
3.80 million barrel -1.40 million barrel
09
Inflation Rate (YoY)
China
Jul-18
-
1.9%
2.1%
09
10-Year Note Auction
US
-
-
2.86%
-
09
Wholesale Inventories
(MoM)
US
Jun-18
-
0.4%
0%
09
Initial Jobless Claims
US
Week Ended,
Aug 04-2018
-
218 thousand
217 thousand
US
Week Ended,
July 28-2018
-
1724 thousand
1736 thousand
09 Continuing Jobless Claims
Country Series Data
10
Econ. Growth Annualized
Prelim.
Japan
Quarter-II
-
-0.6%
0.9%
10
Econ. Growth Prelim.
(YoY)
United
Kingdom
Quarter-II
-
1.2%
1.4%
10
Inflation Rate (YoY)
US
Jul-18
-
2.9%
2.9%
Source: Tradingeconomics, Bloomberg, and MCS Estimates (2018)
August 08, 2018
PT. MEGA CAPITAL SEKURITAS
Head Office
Menara Bank Mega Lt. 2
Jl. Kapten P. Tendean Kav 12-14A
Jakarta 12790
Dealing Room
Phone No
: +62 21 7995795
Fax No
: +62 21 79175965
Eva Sarah Hutabarat
[email protected]
Head of Debt Capital
Market
Cicih Sukaesih
[email protected]
Debt Sales
Emilda Mardiyanti
[email protected]
Debt Sales
Ajeng Palupi P.
[email protected]
Debt Sales
Qolbie Ardie
[email protected]
Economist &
Fixed Income Analyst
Siti Maulina M.
[email protected]
Administrative
Assistant
DISCLAIMER
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 and strictly a personal view and should not be used as a sole judgment for investment. Moreover, although the information
contained herein has been obtained from sources believed to be reliable, its accuracy, completeness and reliability cannot be guaranteed. All rights