Business & Finance
Indonesia Bonds Lure Global Funds as Yields Hit Six-Year High
Key Points
Indonesia Bonds Lure Global Funds as Yields Hit Six-Year High Indonesian government bonds are drawing bargain-hunters after the benchmark yields’ surge last week to the highest since 2020. Global funds have poured $174 million into Indonesia’s bonds so far in November, according to Bloomberg-compiled data. Market watchers like Amundi SA and Citigroup Inc. view recent selloffs as an attractive entry point, with the US-Iran war potentially de-escalating and oil prices easing for the net-importer.
Indonesia Bonds Lure Global Funds as Yields Hit Six-Year High
Indonesian government bonds are drawing bargain-hunters after the benchmark yields’ surge last week to the highest since 2020.
Global funds have poured $174 million into Indonesia’s bonds so far in November, according to Bloomberg-compiled data. Market watchers like Amundi SA and Citigroup Inc. view recent selloffs as an attractive entry point, with the US-Iran war potentially de-escalating and oil prices easing for the net-importer. Amundi expects 10-year yields to fall by about 30 basis points.