Monday, May 21, 2007

Indonesia's Rupiah Climbs to Highest in Three Years; Bonds Gain on Auction

(Bloomberg) -- The Indonesian rupiah rose to a three-
year high against the dollar on speculation overseas investors
brought in funds to participate in a debt auction. Bonds gained.

The bonds offer the highest yields in Asia after Pakistan and
Sri Lanka, with 10-year notes offering 8.89 percent and 20-year
debt 9.82 percent. The results of the central bank's auction of
20- and 30-year bonds are due at about 2 p.m. in Jakarta.


Read more at Bloomberg Bonds News

No comments: