Indonesia Five-Year Bond Yield at Almost 8-Month Low on Supply
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The yield on Indonesia’s five-year sovereign bonds was near an eight-month low after foreign funds boosted holdings to a record due to a lack of supply of new securities. The rupiah was steady.
Overseas investors added 17.6 trillion rupiah ($1.8 billion) to their local-currency sovereign debt portfolios this month, taking ownership to 267.9 trillion rupiah on Nov. 27, finance ministry data show. The government will offer 1 trillion rupiah of six-month and one-year bills on Dec. 3, the last auction this year, it said in a statement yesterday. It canceled a Nov. 27 sale and bought 500 billion rupiah of notes from the secondary market this week.