Foreign outflow not crimping rally
JAKARTA: Indonesia’s sovereign bonds are failing to draw in heavy foreign inflows, even as they outperform regional peers, as a resurgence in Covid cases hampers economic recovery.
The nation’s 10-year yield has slid 28 basis points this month with Bank Indonesia buying up debt while supply has been crimped. Total bond returns rose to 1.6%, the highest among emerging-Asian nations.
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