Indonesian Assets Rebound as Rupiah Jumps 0.9% and 10-Year Yield Falls to 7.26%
Updated
Updated · Bloomberg · Jun 10
Indonesian Assets Rebound as Rupiah Jumps 0.9% and 10-Year Yield Falls to 7.26%
3 articles · Updated · Bloomberg · Jun 10
Summary
Indonesia’s market selloff eased Wednesday after officials intensified efforts to reassure foreign investors, triggering the rupiah’s biggest gain in more than a year.
The currency strengthened as much as 0.9%, while pressure in debt markets eased with the 10-year government bond yield dropping 15 basis points to 7.26%.
Stocks joined the rebound, with the benchmark index rising 3.4% after Indonesian assets had come under heavy strain in the previous two sessions.
The move marked a broad recovery across currency, bonds and equities, suggesting official messaging helped restore confidence after a sharp foreign investor-driven retreat.