无畏当地政治抗议活动 贝莱德重申看好印尼长期国债

Core Viewpoint - BlackRock remains optimistic about Indonesian long-term government bonds, citing their ability to provide sufficient risk compensation amid local political instability [1] Group 1: Investment Strategy - BlackRock has increased its holdings in bonds maturing in 10 to 15 years, shifting its investment strategy from shorter-term bonds to these long-term bonds [1] - The adjustment is due to the relatively mild reaction of long-term bonds to unexpected interest rate cuts by the Indonesian central bank and dovish comments from the Federal Reserve [1] Group 2: Market Context - The recommendation for Indonesian bonds comes after a sell-off in the country's stock and bond markets, triggered by public protests against rising living costs and inequality [1] - Protests targeted the Indonesian Finance Minister and several lawmakers, leading to President Prabowo's announcement to cancel high allowances for parliament members, which were a source of public discontent [1] Group 3: Yield Perspective - Despite recent market volatility, the "real yield" on Indonesian bonds is approximately 3%, which is considered a decent safe return [2]