Indonesian Bond Yield Drops Furthest in Asia
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The yield of Indonesian government bonds has dropped the most among Asian countries so far this year.
According to the Asian Bonds Online, which is part of the Asian Bond Markets Initiative (ABMI), the yield of 10-year Indonesian government bonds has declined by 103.8 bps to 7.70 percent as per the close of trading on May 2, 2016.
It is the biggest decline compared to other Asian nations' 10-year state bonds' yields. The decrease is also deeper than the United States' government bonds, which only dropped 39.7 bps to 1.87 percent in the same period.
Other Southeast Asian countries that recorded drastic bond yield declines are Thailand, loosing 70.5 bps to 1.795 percent; Singapore lost 60.0 bps to 1.99 percent, Malaysia's government bond yield dropped 28.5 bps to 3.90 percent; and Vietnam lost 16.3 bps to 7.01 percent.
Despite the sharp fall, Indonesia's government bond yield is still the highest in the region, followed by Vietnam.
Meanwhile, The Philippines' government bond yield rose 57.8 bps to 4.67 percent.
In the rest of Asia, Japan's government bond yield fell 38.9 bps to -0.12 percent. Hong Kong's fell 21.9 bps to 1.36 percent, South Korea's declined 27.8 bps to 1.80 percent, and China's went up 6 bps to 2.92 percent.
BISNIS.COM