HALISTER1: StanChart Bullish on Sri Lanka Bonds; Cites High Yields, Reforms

StanChart Bullish on Sri Lanka Bonds; Cites High Yields, Reforms

(Bloomberg) -- Standard Chartered shares the bullish sentiment that foreign investors have toward Sri Lankan bonds, Nagaraj Kulkarni, a senior rates strategist at the bank in Singapore, says in an interview.
  • Cites high yields and ongoing reforms under IMF program
  • NOTE: Foreign investors’ holdings of Sri Lanka govt securities climbed to 263.1b rupees in week ended Aug. 16, from as low as 196.1b rupees in February
  • Kulkarni says Indonesia’s two-year govt bonds are likely to remain range bound
    • Monetary policy rate drives the short end of yield curve and StanChart doesn’t expect any further rate cuts
    • Investors are likely to maintain IDR bond holdings to earn carry
    • NOTE: Two-year Indonesia yield has plunged 44bps in August, set for the biggest monthly drop since January
To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Shikhar Balwani

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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STAN LN (Standard Chartered PLC)

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Nagaraj Kulkarni (Standard Chartered PLC)

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