Treasury yields fell as investors remain cautious about coronavirus






Indonesia’s current account deficit widened to 2.84% of the gross domestic product in the fourth quarter, increasing pressure on policymakers as they seek to spur growth in Southeast Asia’s biggest economy. The current account deficit, the broadest measure of trade in goods and services, was $8.1 billion and in line with economists’ expectations, according to data released by Bank Indonesia on Monday. While the deficit widened compared to a revised 2.6% in the third quarter, the full-year figure narrowed to 2.7% of GDP compared to a revised 2.9% in 2018. (Bloomberg)

Treasury yields fell on Monday as investors remain cautious about the deadly coronavirus. The yield on the benchmark 10-year Treasury note, dipped three basis points to around 1.543%, while the yield on the 30-year Treasury bond was also lower at around 2.015%. Part of the so-called yield curve inverted again on Monday, with the 10-year yield falling below the three-month Treasury rate of 1.558%, sending a recession signal. (CNBC)

Source: Danareksa Sekuritas Debt Research
Photo by Christian Wiediger on Unsplash