Indonesia 10-Year Yield Jumps to 7.43% as Bond Selloff Resumes
Updated
Updated · Bloomberg · Jun 11
Indonesia 10-Year Yield Jumps to 7.43% as Bond Selloff Resumes
3 articles · Updated · Bloomberg · Jun 11
Summary
Indonesia’s bond rout resumed Thursday, pushing the 10-year yield up 9 basis points to 7.43% and the five-year yield 3 basis points higher to 7.49%.
A surprise interest-rate hike earlier this week delivered only brief relief, as investors turned back to broader economic concerns and fragile market confidence.
The pressure spread across Indonesian assets: the rupiah weakened 0.1%, while the benchmark stock index fell as much as 0.9% before rebounding.
The renewed selloff suggests the rate move has not restored confidence in Indonesia’s markets, leaving borrowing costs elevated and sentiment vulnerable.