Indonesia: MSCI spillover weighs on IndoGBs – DBS
DBS Group Research economist Sherilyn Chew highlights deepening stress in Indonesia’s bond market, with IndoGBs extending losses following MSCI-driven outflows despite recent calibrated policy moves by Bank Indonesia. She notes bear-steepening of the curve, pronounced pressure in the belly, cautious corporate issuance, and Indonesia’s potential Panda bond sale as a pragmatic but limited funding…
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