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Updated · Bloomberg · Jun 9Indonesia 5-Year Bond Yield Jumps 8 Basis Points to 7.42%, Highest Since 2020
1 articles · Updated · Bloomberg · Jun 9Summary
- Indonesia’s five-year bond yield rose eight basis points on Tuesday to 7.42%, its highest level since May 2020.
- The move came as a debt-market selloff deepened, pushing borrowing costs higher across the curve.
- The rupiah was little changed despite the bond weakness, while the benchmark stock index gained more than 1%.
- The divergence suggests pressure is concentrated in sovereign debt even as other Indonesian assets remain relatively steady.
Insights
Is Indonesia’s bond crisis a verdict on its new leader or a casualty of global economic turmoil? Can Indonesia's central bank stabilize markets if the new president's spending plans continue to alarm investors?