Rupiah, Baht Notes Likely to Withstand Higher DM Rates, DBS Says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Eugene Leow (DBS Bank Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Indonesian and Thai government notes with tenors of one to two years are likely to be fairly resilient to rising interest rates in developed markets, says DBS fixed-income strategist Eugene Leow.
- Cites speculation of further easing by the respective central banks
- Says high absolute yields offered by rupiah notes also provide a buffer against rising rates
- Favors shorter-duration EM Asian notes as yields will likely be anchored by regional central banks’ still-loose monetary policies
- Longer-dated EM Asian bonds could be subject to greater volatility from rising developed-market yields
- Philippine sovereign securities remain the most vulnerable as the economy may be at risk of overheating and peso’s underperformance also bears watching
- NOTE: SGD, HKD Swaps Advance on Fed Outlook as Malaysian Bonds Slide
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Eugene Leow (DBS Bank Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283