Melihat pada data Trading Economics, pada Selasa (30\/5) nilai
\nyield negara lain dengan peringkat BBB- seperti India s6,67%, Italia 2,18%, Hungaria
\n3,13%, dan Romania 3,71% ternyata memiliki nilai yield lebih rendah dari pada
\nsurat utang Indonesia yang mampu menawarkan yield surat utang paling tinggi
\nsetelah berperingkat BBB- dengan outlook stabil. Dikutip dari data Asian Bond
\nOnline pada hari yang sama, yield obligasi pemerintah tenor 10 berada di level
\n6,95%. Presentase tersebut mencatatkan penurunan sebesar 102,4 basis poin (bps)
\nsecara year to date. Sementara
\nkenaikan peringkat dari investment grade oleh S&P menjadikan nilai yield
\nturun hingga 10 bps.<\/p>\n
Sementara di daerah
\nregional, persaingan yield pun terjadi terhadap negara Vietnam sebesar 6%,
\nFilipina sebesar 4,94% serta beberapa negara seperti Tiongkok, Hongkong, Korea,
\nMalaysia, Singapura, dan Thailand yang menawarkan yield sebesar 4%. Ada pula
\nJepang yang memasang yield obligasi 10 tahun sebesar 0,4%.<\/p>\n
Anil Kumar selaku Fixed
\nIncome Fund Manager Ashmore Asset Management Indonesia, memprediksi penurunan
\nyield dapat terjadi antar 30 basis point (bps) \u2013 50 bps berdasarkan data
\nterakhir. Kondisi ini akan berjalan seiring arus dana masuk (inflow) dari luar
\nnegeri ke pasar obligasi dalam negeri. Di bulan Maret, Goldman Sachs Group Inc.
\nmemberikan pernyataan dalam riset mengenai rating kenaikan Indonesia. Kenaikan
\nperingkat surat utang Indonesia mampu menambah daya Tarik aset di antara investor
\ninstitusi konservatif Jepang serta membantu penyerapan data hingga US$5 miliar.<\/p>\n
Jika melihat data
\nDirektorat Jenderal Pengelolaan Pembiayaan dan Risiko (DJPPR) Kementrian
\nKeuangan per 26 Mei 2017, secara ytd dana asing tetap membekukan net inflow Rp
\n85,76 trilliun. Meskipun, dua hari setelah kenaikan rating sempat terlihat ada
\nnet outflow asing sebesar Rp 3,89 triliun. Anil Kumar menegaskan bahwa outflow
\nterjadi bukan karena pasar surat utang Indonesia tidak menarik bagi investor
\nasing. Namun disebabkan pemerintah telah gencar menerbitkan surat utang di
\nKuartal I 2017 yang kemudian membatasi penggalangan dana dari lelang. Jadi,
\npenawaran semakin sedikit, target lelang telah diturunkan, namun penawaran
\nmasih tinggi.<\/p>\n
Anil Kumar menambahkan,
\njika indikator pasar obligasi Indonesia terus positif dan faktor harga minyak
\ndan komoditas membaik, maka hal-hal ini akan memberi keuntungan bagi
\npemerintah. Sebaiknya pemerintah menaikkan anggaran belanja supaya terdapat
\nkenaikan tingkat pertumbuhan Pendapatan Domestik Bruto (PDB). Penting untuk pemerintah
\nmeingkatkan PDB serta menjaga tingkat inflasi, dimana berdampak terhadap
\npeluang penurunan yield. Sebab Indonesia masih menjadi pasar potensial bila dibanding
\ndengan negara lain. Tidak banyak negara yang menawarkan yield dengan growth 5%,
\nterutama di daerah regional. Anil Kumar juga memprediksi bahwa yield utang pemerintah dengan seri
\nbenchmark 10 tahun dapat mencapai level 6%-7% pada akhir tahun.<\/p>","protected":false},"excerpt":{"rendered":"
Melihat pada data Trading Economics, pada Selasa (30\/5) nilai yield negara lain dengan peringkat BBB- seperti India s6,67%, Italia 2,18%, […]<\/p>\n","protected":false},"author":2,"featured_media":3014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-informasi"],"_links":{"self":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/3015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/comments?post=3015"}],"version-history":[{"count":0,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/3015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/media\/3014"}],"wp:attachment":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/media?parent=3015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/categories?post=3015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/tags?post=3015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}