Tuesday, 11 September 2012

Indonesia IDR Bonds Up; Profit-Taking May Hit L/T Notes

Indonesian rupiah-denominated government bonds extend their recent gains, though trading volume eases as sentiment turns cautious ahead of the German constitutional court's ruling on the ESM. A local dealer says longer-term notes, especially the 20-year, may succumb to profit-taking after the market's recent gains. The 5-year yield falls to 5.51% vs 5.58% at Monday's close, the 10-year is at 5.94% vs 5.96%, the 15-year is at 6.29% vs 6.30%, while the 20-year is flat at 6.64%. 

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