Goldman Sachs Recommends Going Long Indonesia 1-Year SRBI Bills Fully FX-Hedged -- Market Talk

Dow Jones

Oct 03, 2024

0456 GMT - Goldman Sachs recommends going long Indonesia 1-year Sekuritas Rupiah Bank Indonesia (SRBI) bills fully foreign-exchange hedged, three members of GS's Economics Research team say in a research report. "We see significant scope for 1-year SRBI yields to drop, mirroring BI rate cuts and spread compression versus the policy rate," the members say. Indonesia's monetary-policy outlook and relatively light foreign positioning in the country's government bond market are supportive of lower Indonesian bond yields, the members say. GS expects BI to cut rates by 25bps another three times, taking the policy rate down to 5.25% by 1Q 2025. GS recommends trade entry at 6.90% and stop-loss at 7.50%, with target of 5.70%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 03, 2024 00:56 ET (04:56 GMT)

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Indonesia's monetary-policy outlook and relatively light foreign positioning in the country's government bond market are supportive of lower Indonesian bond yields, the members say. GS expects BI to cut rates by 25bps another three times, taking the policy rate down to 5.25% by 1Q 2025. GS recommends trade entry at 6.90% and stop-loss at 7.50%, with target of 5.70%. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 03, 2024 00:56 ET (04:56 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Recommends Going Long Indonesia 1-Year SRBI Bills Fully FX-Hedged -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Recommends Going Long Indonesia 1-Year SRBI Bills Fully FX-Hedged -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-03 12:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0456 GMT - Goldman Sachs recommends going long Indonesia 1-year Sekuritas Rupiah Bank Indonesia (SRBI) bills fully foreign-exchange hedged, three members of GS's Economics Research team say in a research report. \"We see significant scope for 1-year SRBI yields to drop, mirroring BI rate cuts and spread compression versus the policy rate,\" the members say. Indonesia's monetary-policy outlook and relatively light foreign positioning in the country's government bond market are supportive of lower Indonesian bond yields, the members say. GS expects BI to cut rates by 25bps another three times, taking the policy rate down to 5.25% by 1Q 2025. GS recommends trade entry at 6.90% and stop-loss at 7.50%, with target of 5.70%. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 03, 2024 00:56 ET (04:56 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443978.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2472656304","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472656304","pubTimestamp":1727931360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0456 GMT - Goldman Sachs recommends going long Indonesia 1-year Sekuritas Rupiah Bank Indonesia  bills fully foreign-exchange hedged, three members of GS's Economics Research team say in a research report. \"We see significant scope for 1-year SRBI yields to drop, mirroring BI rate cuts and spread compression versus the policy rate,\" the members say. Indonesia's monetary-policy outlook and relatively light foreign positioning in the country's government bond market are supportive of lower Indonesian bond yields, the members say. GS expects BI to cut rates by 25bps another three times, taking the policy rate down to 5.25% by 1Q 2025. GS recommends trade entry at 6.90% and stop-loss at 7.50%, with target of 5.70%. 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Indonesia's monetary-policy outlook and relatively light foreign positioning in the country's government bond market are supportive of lower Indonesian bond yields, the members say. GS expects BI to cut rates by 25bps another three times, taking the policy rate down to 5.25% by 1Q 2025. GS recommends trade entry at 6.90% and stop-loss at 7.50%, with target of 5.70%. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 03, 2024 00:56 ET (04:56 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}