Most vulnerable: The rupiah was near a psychological threshold of 15,000 per dollar after data showing South Africa’s economy fell into a recession. — Reuters
SINGAPORE: The steepest surge in Indonesia’s two-year government bond yields since 2012 may be a sign that traders are betting on a hike in the policy rate before the central bank’s scheduled meeting at the end of this month.
The two-year yield soared 55 basis points on Tuesday, based on data compiled by Bloomberg. It rose one basis point to 7.65% yesterday.
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