Halister News

(Bloomberg) -- Rupiah firmer along with most Southeast Asian peers after the latest jobs data offered mixed signals on the strength of the U.S. labor market.

• USD/IDR slips 0.1% to 13,288; 200-DMA support 13,273
• Morgan Stanley says it favors Indonesia’s local bonds because of their relatively high real yield in the region and the improvement in the nation’s fundamentals; says supply for 2017 also seems benign
  • However, the bank remains cautious on rising market uncertainties from China and the U.S., as Indonesian bonds and rupiah tend to underperform in periods of increasing volatility, analysts led by Andrew Sheets wrote in global mid-year outlook report dated June 4
• Yield on 7% govt bond due May 2027 little changed Friday at 6.96%
• Global investors bought a net 4.6t rupiah of Indonesian bonds in the first three days of last week, according to latest finance ministry data
• Finance Minister Sri Mulyani Indrawati expected to submit revision of 2017 state budget to parliament
• Indonesian coffee exports surge as farmers boost supply for cash for Ramadan and Eid al-Fitr
• READ: Options Turn Positive on Asian Currencies as Dollar Bets Trimmed

To contact the reporter on this story: Netty Ismail in Singapore at nismail3@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Cormac Mullen