Funds Turn Bullish on Indonesian Bonds Even as Rupiah Declines (Bloomberg)

Funds Turn Bullish on Indonesian Bonds Even as Rupiah Declines (Bloomberg)

Bloomberg Aug 08, 2018


Indonesia at times felt uncomfortably close to the center of this year’s emerging-market selloff as bond yields rose for five straight months and the rupiah slid more than 6 percent. Some funds are now saying it’s time to get back in.

Loomis Sayles & Co. is looking to boost holdings of Indonesian bonds, citing sound domestic fundamentals and inflation that is close to target. Western Asset Management Co. says a proactive central bank and the recent increase in yields may be creating a buying opportunity for the nation’s dollar-denominated debt.

(Source: Bloomberg)

https://www.bloomberg.com/news/articles/2018-08-07/funds-turn-bullish-on-indonesian-bonds-even-as-rupiah-declines