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Rupiah Bonds Rally Most in Three Months as Dip Buyers Emerge [Yahoo! Finance]
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Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Elon Wants His Money Back Singapore Loses ‘World's Best Airport' Crown to Qatar Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Tesla Asks Investors to Approve Musk's $56 Billion Pay Again The yield on five-year bonds slid five basis points to 6.89% Thursday, the most since Jan. 11, while benchmark 10-year yields fell three basis points to 6.94%. Bonds of Asian peers South Korea, India and Singapore also gained, tracking an advance in US treasuries. A gauge of Indonesian debt fell 1% this week amid a broad risk-off sentiment in the region as traders recalibrate bets on Federal Reserve interest-rate rate cut expectations. That pushed up the yield on the benchmark bond to almost 7% Wednesday. “The 10-year yield is very attractive at around 7% as long as no bad issue on domestic side,” said Myrdal Gunarto, an analyst at Maybank in Jakarta. He sees investors ‘buying
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- The list of Tesla execs who have left the company as Elon Musk shakes things up with 'hard core' layoffs [Business Insider][Business Insider]
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