2012.05.02 06:30:22 MARKET TALK: 10-Yr Bonds Best Value In Indonesia Auction -Barclays

0430 GMT [Dow Jones] Indonesia's 10-year bonds will likely provide the greatest value among the 1-year SPNs and 5-year, 10-year and 20-year bonds on offer in an IDR6 trillion debt auction today, Barclays says in a research note. "With current global uncertainty likely resulting in investors sticking to benchmark weights, we think the 10-year will likely see better bidding at the auction," the house says. It adds that Bank Indonesia's current focus on monitoring inflation risks will "likely lead to flattening in the [5-year and 10-year] part of the curve, further lending support to our view that 10-year is cheap." (ben.otto@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 02, 2012 00:30 ET (04:30 GMT)