18 March 2020
The Indonesian Rupiah dropped to its weakest since the emerging market rout of 2018, as a sell-off in the nation`s bonds and stocks show little signs of abating with a word coronavirus pandemic. The currency slipped as much as 1.5% to 15,160 per dollar on Tuesday, the lowest since November 2018. The Benchmark 10-Year Bond Yield Surved 17 Basis Points, While Nation`s Stock Index Tumbled Over 5%, Triggering a Trading Halt for the Third Time in a week. (Bloomberg) The Benchmark 10-Year Treasury Yield Popped Above 1% on News the White House is weighing a fiscal stimulus package of more than $ 1 trillion to offset the negative economic impact from the coronavirus outbreak. The Yield on the Benchmark 10-Year Treasury Note Note Nearly 30 Basis Points to 1.038%, its highst level since march 5, as investors bet this stimulus would give a jolt to the economy dealing with a likey rechesion becausion of the coronavirus impact. The Yield on the 30-Year Treasury Bond Also Climbed a Similar Amount to 1.62%. (CNBC) Source: Danareksa Securities Debt Research Photo by Faizal Sem on Unssplash