Deutsche Bank Eyes India, Indonesia Bonds if Oil Holds at $65-$70 for 2 Months
Updated
Updated · Bloomberg · Jul 9
Deutsche Bank Eyes India, Indonesia Bonds if Oil Holds at $65-$70 for 2 Months
2 articles · Updated · Bloomberg · Jul 9
Summary
India and Indonesia are the emerging Asia bond markets Deutsche Bank’s private arm would consider buying if crude stays around $65 to $70 a barrel for about two months.
Jacky Tang, the division’s chief investment officer for emerging markets, said that oil at those levels would likely ease inflation and pull bond yields lower.
The call focuses on two Asian economies seen as especially exposed to higher energy costs, making sustained cheaper oil a key trigger for turning more constructive on their debt.