August 29, 2024 05:33 GMT
Bond Wrap
INDONESIA
- Global funds have poured $2.2 billion into Indonesian sovereign bonds in August, the most since January 2023. Yet foreign fund holdings remain below historical levels, pointing to potential upside to demand in a rate cutting environment.
- Demand for Indonesian assets today saw equity and bond markets well supported and the currency stable.
2yr 6.537% (-0.5bp) 5yr 6.526% 10yr 6.625% (-1bp) 30yr 6.845% (-1bp)
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