{"id":5156,"date":"2025-03-17T05:02:45","date_gmt":"2025-03-17T05:02:45","guid":{"rendered":"https:\/\/himdasun.or.id\/?p=5156"},"modified":"2025-03-17T05:02:47","modified_gmt":"2025-03-17T05:02:47","slug":"trimegah-fi-daily-20250317","status":"publish","type":"post","link":"https:\/\/himdasun.or.id\/en\/2025\/03\/17\/trimegah-fi-daily-20250317\/","title":{"rendered":"Trimegah FI Daily 20250317"},"content":{"rendered":"<p><strong>Today\u2019s highlights:<\/strong><\/p>\n\n\n\n<p><em>Concerns on US economy kept growing, as fears of higher tariff were looming. In Mar, Michigan Consumer Sentiment hit 2yr low (curr: 57.9, cons: 63, prev: 64.7). The tariff issue may induce households to reduce discretionary spending. From domestic, the govt. started to disburse THR today, with budget allocated at IDR49.4tn. The policy may support Eid-al Fitr festivities.<\/em><\/p>\n\n\n\n<p><em>From the bond market, FR 81, 83, 67, 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 103.72 (-0.1%). Rupiah was appreciated by 0.5% at USDIDR at 16,350. The UST yield was up by +4.4bps to 4.31% and 10yr INDOGBR was up by +2.8bps to 6.97% \u2013 the spread between the two was at 266bps.<\/em><\/p>\n\n\n\n<p><strong>Economy: In Mar, US Consumer Sentiment hit 2yr low<\/strong><\/p>\n\n\n\n<p>In Mar, US Michigan Consumer Sentiment was at (curr: 57.9, cons: 63, prev: 64.7). The decline was broad-based. Current Economic Conditions dropped to 63.5 (cons: 64.4, prev: 65.7), followed by Consumer Expectations (curr: 54.2, cons 63, prev: 64). At the same time, expectation on short-term inflation spiked to +4.9% y-y (cons: +4.3% y-y, prev: +4.3% y-y), together with its long-term counterpart (curr: +3.9% y-y, cons: +3.4% y-y, prev: +3.5% y-y), whose m-m change hit the highest level since 1993.&nbsp; Moreover, the concerns were mainly on Trump\u2019s tariff plan.&nbsp;<em>Source: Univ. of Michigan, Bloomberg<\/em><\/p>\n\n\n\n<p><strong>Economy: Today, THR started to be disbursed<\/strong><\/p>\n\n\n\n<p>On Mon (17 Mar), Religious Holiday Allowances (THR) for govt. officials started to be disbursed. The allocated budget was at IDR49.4tn with detail as follows: IDR17.7tn for Civil State Apparatuses (PNS), Police, &amp; Army; IDR12.4tn for retired officials, and IDR19.3tn for Regional PNS. Furthermore, the components included base salary, associated allowances, and 100% of performance allowances, and the Income Tax would be borne by the govt. Meanwhile, 13th salary would be paid on Jun.&nbsp;<em>Source: CNN<\/em><\/p>\n\n\n\n<p><em>Please visit this&nbsp;<a href=\"https:\/\/drive.google.com\/file\/d\/1KORUcs6edJkTqBrfD4c-1vZifo1LElIg\/view?usp=sharing\"><strong>link<\/strong><\/a>&nbsp;to view the full version of this output.<\/em><\/p>\n\n\n\n<p><strong>Research Division<\/strong><\/p>\n\n\n\n<p>PT Trimegah Sekuritas Indonesia, Tbk.<\/p>","protected":false},"excerpt":{"rendered":"<p>Today\u2019s highlights: Concerns on US economy kept growing, as fears of higher tariff were looming. In Mar, Michigan Consumer Sentiment [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"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":[7],"tags":[],"class_list":["post-5156","post","type-post","status-publish","format-standard","hentry","category-market-research"],"_links":{"self":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/5156","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\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/comments?post=5156"}],"version-history":[{"count":1,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/5156\/revisions"}],"predecessor-version":[{"id":5157,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/posts\/5156\/revisions\/5157"}],"wp:attachment":[{"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/media?parent=5156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/categories?post=5156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/himdasun.or.id\/en\/wp-json\/wp\/v2\/tags?post=5156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}