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INDONESIA: Bond Wrap

INDONESIA
GlobalEM BulletBulletIndonesiaAPACEmerging Market NewsRegion
  • The Indonesian rupiah is poised for its best week since January, as the nation’s bonds rally on rising inflows. Bank Indonesia said it is allowing the currency to strengthen (source:  BBG).
  • “As rupiah appreciates the price of Indonesian exports would be more expensive for foreign buyers, making Indonesian exports less competitive”.  (source:  Jakarta Post)
  • Foreign investors bought Indonesian equities for the sixteenth straight session, the longest stretch of net purchases since April 2022, partly driven by monetary easing and appreciation of the rupiah (source:  BBG)
  • Equity markets bucked the regional trend of positivity, moving lower as bond yields the yields were mixed across the curve.

 

2yr 6.331% (+2bp)          5yr 6.225%          10yr 6.455% (+1.5bp)           30yr 6.833% (+1.5bp)

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  • The Indonesian rupiah is poised for its best week since January, as the nation’s bonds rally on rising inflows. Bank Indonesia said it is allowing the currency to strengthen (source:  BBG).
  • “As rupiah appreciates the price of Indonesian exports would be more expensive for foreign buyers, making Indonesian exports less competitive”.  (source:  Jakarta Post)
  • Foreign investors bought Indonesian equities for the sixteenth straight session, the longest stretch of net purchases since April 2022, partly driven by monetary easing and appreciation of the rupiah (source:  BBG)
  • Equity markets bucked the regional trend of positivity, moving lower as bond yields the yields were mixed across the curve.

 

2yr 6.331% (+2bp)          5yr 6.225%          10yr 6.455% (+1.5bp)           30yr 6.833% (+1.5bp)