Indonesia Sells $1 Billion of Debt at Top Yield Since 2010
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Indonesia sold $1 billion of 10-year dollar bonds at the highest yield since 2010 as speculation the Federal Reserve will pare stimulus curbs demand for emerging-market assets.
The country issued the notes due October 2023 to yield 5.45 percent, or 2.87 percentage points more than 10-year U.S. Treasuries, Robert Pakpahan, director general at the debt management office in Jakarta, said in a mobile-phone text message. That was the highest rate for a 10-year bond from Indonesia since it paid 6 percent in January 2010, data compiled by Bloomberg show.