{"id":5130,"date":"2025-03-07T02:30:11","date_gmt":"2025-03-07T02:30:11","guid":{"rendered":"https:\/\/himdasun.or.id\/?p=5130"},"modified":"2025-03-07T02:30:12","modified_gmt":"2025-03-07T02:30:12","slug":"fixed-insight","status":"publish","type":"post","link":"https:\/\/himdasun.or.id\/en\/2025\/03\/07\/fixed-insight\/","title":{"rendered":"Fixed InSight"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Today\u2019s highlights:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Trump excluded some Mexico\u2019s and Canada\u2019s goods from the 25% tariff, which would be effective up to 2 Apr. Half of imports from Mexico and 38% of those from Canada would benefit from the policy. On labor market, federal firing began translating to numbers, with federal initial jobless claims hitting 1,580 (prev: 1,634), while the 1yr avg. stood at 400.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>From the bond market, FR 81, 105, 83, and 57 are currently the cheapest based on our yield curve model.&nbsp;<\/em><em>Last national business day, the dollar index was closed at 104.06 (-0.2%). Rupiah was depreciated by 0.2% at USDIDR at 16,340. The UST yield was down by -0.0bps to 4.28% and 10yr INDOGBR was up by +1.2bps to 6.87% \u2013 the spread between the two was at 259bps.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Economy: Trump temporarily excluded more goods from the tariff<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump excluded Canada\u2019s and Mexico\u2019s goods, which were parts o USMCA, from 25% tariff. The policy would be effective up to 2 Apr. Moreover, 50% of imports from Mexico and 38% of those from Canada were under the trade pact. Canada then responded by delaying its 25% counter-levies to 2 Apr (prev: 25 Mar).&nbsp;<em>Source: Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Economy: Last week,&nbsp;jobless&nbsp;claims dropped to 221k (cons: 233K, prev: 242k)<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, its 4wk MA of initial&nbsp;claims&nbsp;turned higher to 224,250 (prev: 224,000), removing w-w volatilities. Non-seasonally adjusted initial&nbsp;claims&nbsp;also rose by +3,833 w-w to 224,689, with the largest increases seen in New York (curr: +15,628 w-w), Texas (curr: +1,606 w-w), and Kentucky (curr: +898 w-w). A week earlier, continuing&nbsp;claims&nbsp;decreased to 1,897,000 (cons: 1,874,000, prev: 1,855,000).&nbsp;An interesting finding was found in federal workers, whose initial claims stood at 1,580 (prev: 1,634), while the 1yr avg. was recorded at 400, following DOGE\u2019s policy to cut tens of thousands of federal workers.<em>&nbsp;Source: US Department of Labor, Bloomberg<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Please visit this&nbsp;<a href=\"https:\/\/drive.google.com\/file\/d\/1e9Oh5MHef2m839omlMXsR1eGAWKKWcvD\/view?usp=sharing\"><strong>link<\/strong><\/a>&nbsp;to view the full version of this output<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Research Division<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PT Trimegah Sekuritas Indonesia, Tbk.<\/p>","protected":false},"excerpt":{"rendered":"<p>Today\u2019s highlights: Trump excluded some Mexico\u2019s and Canada\u2019s goods from the 25% tariff, which would be effective up to 2 [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":4778,"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 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