High Yields Set Stage for More Global Bond Inflow Into Indonesia

High Yields Set Stage for More Global Bond Inflow Into Indonesia Global inflows into Indonesian sovereign bonds are poised to extend, with investors saying they see value in some of emerging Asia’s highest yields on bets that a bruising round of interest-rate hikes is nearly over. Inflows into rupiah sovereign bonds hit a 13-month high in June as policymakers moved to stabilize the currency battered by the Iran war through boosting bond yields to attract foreign capital. Bank Indonesia delivered a surprise interest-rate hike during the month, tightening borrowing costs by a total of 100 basis points since the start of the war.