Archive for August 19th, 2013

New Overnight Developments Abroad - Daily Update

Lower Bond and Stock Prices

August 19, 2013

Financial turbulence in Indonesia where 1) equities plunged 5.6% to a 21-month low, 2) the rupiah dropped 1% and touched 10,500/USD for the first time in four years, and 3) the 10-year bond yield advanced to a 29-month high.  Markets have reacted adversely to a string of bad economic news including Friday’s report of a […] More

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