Rupiah securities, on the other hand, are reeling in funds as fears about Indonesia’s debt monetization eases and yield-hungry investors return to emerging markets.
SINGAPORE: Indonesian bonds have long been more volatile than their Malaysian peers. They’re suddenly looking like the safer option.
Benchmark 10-year ringgit notes have underperformed rupiah securities, with the extra yield on Indonesia’s debt dropping to 312 basis points, near a three-year low.
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