{
    "success": true,
    "data": {
        "id": 1273022,
        "msgid": "indonesian-bonds-gain-popularity-1447893297",
        "date": "2000-11-11 00:00:00",
        "title": "Indonesian bonds gain popularity",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "Indonesian bonds gain popularity SINGAPORE (Dow Jones): Spreads on Asian benchmark bonds were mixed this week, with longer-dated Philippine government paper surrendering some of the gains made in last week's rally. Spreads on many issues across the region were unchanged. The best performers were Indonesian and South Korean sovereign debt, which saw spreads over yields of comparable U.S. Treasurys narrow modestly. The Philippine bond of 2019 was hit by a wave of selling late in the week.",
        "content": "<p>Indonesian bonds gain popularity<\/p>\n<p>SINGAPORE (Dow Jones): Spreads on Asian benchmark bonds were<br>\nmixed this week, with longer-dated Philippine government paper<br>\nsurrendering some of the gains made in last week's rally.<\/p>\n<p>Spreads on many issues across the region were unchanged. The<br>\nbest performers were Indonesian and South Korean sovereign debt,<br>\nwhich saw spreads over yields of comparable U.S. Treasurys narrow<br>\nmodestly.<\/p>\n<p>The Philippine bond of 2019 was hit by a wave of selling late<br>\nin the week. Its spread widened by 11 basis points to about 767<br>\nbasis points, after narrowing by 112 basis points the previous<br>\nweek.<\/p>\n<p>\"In the Philippines, risks have continued over the past few<br>\ndays,\" Raja Visweswaran, head of fixed income research at BA<br>\nAsia, said in a research note.<\/p>\n<p>\"As we pointed out before, the market's rally in the past two<br>\nweeks did risk coming up against a wall of impatience in the<br>\nevent that the president dug in and refused to quit,\" he said.<\/p>\n<p>Philippine markets have been buffeted for the past month by<br>\ncorruption allegations against President Joseph Estrada and calls<br>\nfor his resignation. Estrada has steadfastly denied the charges.<\/p>\n<p>Investor sentiment toward South Korean sovereign debt was<br>\nhelped by efforts to restructure banks and other corporations,<br>\nanalysts said.<\/p>\n<p>The South Korean bonds due 2008 were about 3 basis points<br>\ntighter compared with a week ago. The spread on the 2003 issue<br>\nwas unchanged.<\/p>\n<p>However, analysts cautioned that trouble at Hyundai<br>\nElectronics Industries Co. could put some pressure on South<br>\nKorean corporate debt. Hyundai Electronics said it is seeking to<br>\nraise 3 trillion won (US$264 million) in loans and from asset<br>\nsales before the end of the year.<\/p>\n<p>The Indonesian government bond of 2006 continued to gain<br>\npopularity among investors. Its spread narrowed by 13 basis<br>\npoints following a shrinking by 28 basis points the week before.<\/p>\n<p>Indonesia debt got a boost from the Jakarta Initiative Task<br>\nForce's announcement this week that it would restructure about $2<br>\nbillion in corporate debt.<\/p>\n<p>Elsewhere, the Malaysian government bond of 2009 widened by 2<br>\nbasis points, as did the China government bond of 2008.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesian-bonds-gain-popularity-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}