Foreign Outflows Challenge Indonesia’s Bond Market Standing
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A foreign investor exodus from Indonesia’s bond market has driven holdings to the lowest in nearly two decades, underscoring shaken confidence in the once-coveted asset after months of political turbulence.For the first time in three years, the nation’s debt market is at risk of recording outflows after overseas funds reversed purchases of $4.6 billion. They now hold just 13% of outstanding government bonds, the lowest level since January 2007, Ministry of Finance data shows.