10-year rupiah bond yields in Indonesia dropped by 26bps to 6.91% following US job data, attracting foreign flows.
Indonesian bond yields dropped the most since Nov, outperforming Asian peers as US interest-rate cut bets boosted demand, following weaker-than-expected US jobs data. 10-year rupiah bond yields fell by 26bps to 6.91%, attracting foreign flows. Indonesian debt is still below pre-pandemic levels, and with inflationary pressures in regions like Latin America, government bonds could benefit from portfolio reallocation flows.
May 06, 2024
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