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PORTALUTAMA.NET, JAKARTA<\/strong> \u2014 Pasar keuangan Indonesia tengah menghadapi tekanan hebat setelah lembaga penyedia indeks global, Morgan Stanley Capital International (MSCI), mengumumkan konsultasi terkait peluang penurunan (downgrade<\/em>) status pasar saham Indonesia. Keputusan ini memicu aksi lepas aset atau aliran modal asing keluar (outflow<\/em>) yang tidak hanya menghantam pasar saham, tetapi juga merembet ke instrumen pasar keuangan lainnya.<\/p>\n\n\n\n Bank Indonesia (BI) mencatat fenomena outflow<\/em> kini turut menekan Surat Berharga Negara (SBN) serta Sekuritas Rupiah Bank Indonesia (SRBI). Menyikapi dinamika tersebut, bank sentral bergerak cepat menyiapkan barisan bauran kebijakan untuk menahan pelarian modal asing sekaligus menjaga stabilitas nilai tukar Rupiah.<\/p>\n\n\n\n Kepala Departemen Pengelolaan Moneter dan Aset Sekuritas BI, Erwin Hutapea, mengonfirmasi bahwa tekanan arus modal keluar tercatat membesar secara simultan di berbagai lini pasar keuangan domestik pasca-pengumuman dari MSCI.<\/p>\n\n\n\n “Outflow tidak hanya terjadi di pasar saham, tetapi SBN juga outflow, SRBI juga outflow,” ujar Erwin saat memberikan keterangan dalam taklimat media di Gedung BI, Jakarta, dikutip fajar.co.id, Sabtu (25\/10\/2026).<\/p>\n\n\n\n Aksi lepas portofolio oleh investor asing berdampak langsung pada pergerakan yield<\/em> (imbal hasil) SBN pemerintah, khususnya tenor 10 tahun. Berdasarkan data pergerakan pasar, yield<\/em> SBN tenor 10 tahun mengalami kenaikan signifikan. Jika pada awal pekan berada di level 7,16%, posisinya melonjak hingga menyentuh 7,44%. Kenaikan yield<\/em> ini mencerminkan penurunan harga obligasi akibat masifnya penawaran jual oleh investor.<\/p>\n\n\n\n Menanggapi gejolak ini, Erwin menjelaskan bahwa BI terus berupaya menjaga daya tarik investasi di dalam negeri agar aset rupiah tetap kompetitif di mata pemodal global. Salah satu langkah konkretnya adalah membiarkan penyesuaian tingkat imbal hasil instrumen moneter seperti SRBI.<\/p>\n\n\n\n “Jadi kami menjaga daya tarik yield, lewat SRBI, dan kemudian kawan-kawan juga mengamati bahwa sudah terjadi koreksi terkait dengan pergerakan yield di SBN. Tadinya tenor 10 tahun itu di bawah 7%, sekarang kan sudah di atas 7%,” jelas Erwin.<\/p>\n\n\n\n Strategi Bank Indonesia untuk membendung derasnya modal keluar tidak berhenti pada instrumen suku bunga. Pada Rapat Dewan Gubernur (RDG) BI, bank sentral resmi menaikkan insentif atau diskon untuk transaksi Domestic Non-Deliverable Forward<\/em> (DNDF) yang difungsikan sebagai lindung nilai (hedging<\/em>).<\/p>\n\n\n\n Kebijakan insentif hedging<\/em> ini ditingkatkan dari sebelumnya 25% menjadi 40% untuk tenor 6 bulan, serta dari 30% naik menjadi 40% untuk tenor 12 bulan.<\/p>\n PORTALUTAMA.NET, JAKARTA \u2014 Pasar keuangan Indonesia tengah menghadapi tekanan hebat setelah lembaga penyedia indeks global, Morgan Stanley Capital International (MSCI),<\/p>\n","protected":false},"author":2,"featured_media":15212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-31186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-150x150.jpeg","medium":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-300x200.jpeg","medium_large":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-768x512.jpeg","large":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17.jpeg","1536x1536":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17.jpeg","2048x2048":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17.jpeg","colormag-highlighted-post":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-392x272.jpeg","colormag-featured-post-medium":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-390x205.jpeg","colormag-featured-post-small":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-130x90.jpeg","colormag-featured-image":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-800x445.jpeg","colormag-default-news":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-150x150.jpeg","colormag-featured-image-large":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-1000x600.jpeg"},"magazineBlocksPostAuthor":{"name":"Redaksi","avatar":"https:\/\/secure.gravatar.com\/avatar\/b7471c990eaf3bbb9eb8588768e7506fe3240b053ad738bae905f94f0ebd1eb0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"PORTALUTAMA.NET, JAKARTA \u2014 Pasar keuangan Indonesia tengah menghadapi tekanan hebat setelah lembaga penyedia indeks global, Morgan Stanley Capital International (MSCI),","magazineBlocksPostCategories":["News"],"magazine_blocks_featured_image_url":{"full":["https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17.jpeg",1000,667,false],"medium":["https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-300x200.jpeg",300,200,true],"thumbnail":["https:\/\/portalutama.net\/wp-content\/uploads\/2026\/05\/WhatsApp-Image-2025-08-14-at-07.35.17-150x150.jpeg",150,150,true]},"magazine_blocks_author":{"display_name":"Redaksi","author_link":"https:\/\/portalutama.net\/index.php\/author\/neno\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/b7471c990eaf3bbb9eb8588768e7506fe3240b053ad738bae905f94f0ebd1eb0?s=96&d=mm&r=g","magazine_blocks_category":"News<\/a>","_links":{"self":[{"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/posts\/31186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/comments?post=31186"}],"version-history":[{"count":0,"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/posts\/31186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/media\/15212"}],"wp:attachment":[{"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/media?parent=31186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/categories?post=31186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/portalutama.net\/index.php\/wp-json\/wp\/v2\/tags?post=31186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Yield SBN Melonjak, Daya Tarik SRBI Digenjot<\/h3>\n\n\n\n
Diskon Hedging DNDF Ditambah hingga 40 Persen<\/h3>\n\n\n\n
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Source link <\/a>","protected":false},"excerpt":{"rendered":"