India, Indonesia Drew a Line; Now Markets Are Leaping Higher

Oil prices decline after U.S.-Iran agree to framework of peace deal

Danantara Mulls 30-Year Bond Days After Wealth Fund’s Debut Sale

Danantara Mulls 30-Year Bond Days After Wealth Fund’s Debut Sale Indonesian sovereign wealth fund Danantara is exploring the sale of 30-year bonds following strong demand for its first ever global issuance. Global investors expressed willingness to buy bonds from the fund with a tenor of as long as 30 years, Chief Executive Rosan Roeslani said in a briefing in Jakarta on Monday about the bond’s roadshow. Danantara executives met 122 investors across London, New York and Hong Kong, among...

Deutsche Bank Favors US Over Euro Corporate Bonds on Iran Impact

Deutsche Bank Favors US Over Euro Corporate Bonds on Iran Impact European corporate bonds are vulnerable to the aftershocks of the war in Iran, with spreads for both investment grade and junk bonds expected to widen by year end, according to strategists at Deutsche Bank AG. Credit strategists led by Steve Caprio are now underweight euro-denominated credit compared to US dollar credit in their global allocations. While the AI disruption theme is a risk for US credit, “the aftershocks of the...

India Trade Gap Shrinks as US-Iran Hormuz Deal Lifts Outlook

India Trade Gap Shrinks as US-Iran Hormuz Deal Lifts Outlook India’s trade deficit narrowed in May, while an interim US-Iran deal to reopen the Strait of Hormuz brightened the outlook after months of shipping disruptions. India’s foreign merchandise trade deficit narrowed to $28.21 billion in May from $28.38 billion a month earlier, according to data from the Ministry of Commerce & Industry Monday. The reading compared with a median forecast for a $27.2 billion deficit in a Bloomberg survey...