Indonesia c.bank says investors bidding yields too high

Based on the central bank's calculation, the government may sell around 425 trillion rupiah ($27.71 billion) of bonds to the market in the rest of 2020 to cover its widening fiscal deficit.

JAKARTA: Bank Indonesia's governor said on Wednesday bond investors should not bet on the government selling debt at higher yields in auctions, arguing the total amount to be raised in the remainder of 2020 would be manageable at lower yields.

Based on the central bank's calculation, the government may sell around 425 trillion rupiah ($27.71 billion) of bonds to the market in the rest of 2020 to cover its widening fiscal deficit, indicating that the target in each auction will not jump very much, Governor Perry Warjiyo said in a streamed news conference.