Indonesia Bonds Draw Highest Inflows Since 2019 on Rupiah Gains

Indonesian government bonds drew the biggest foreign inflows in more than seven years, helped by a stronger rupiah and expectations that the central bank will keep interest rates steady following a 100-basis-point increase this year. Indonesian government bonds drew the biggest foreign inflows in more than seven years, helped by a stronger rupiah and expectations that the central bank will keep interest rates steady following a 100-basis-point increase this year.