The Indonesian rupiah dropped to its weakest since the emerging market rout of 2018

18 March 2020

Research

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