Photographer: Dimas Ardian/Bloomberg

Indonesia's Rallying 8% Bonds Lure Funds in Negative-Rate World

  • Global funds pumped $5 billion into its debt in five months
  • ING sees 10-year yield dropping to 7% by year-end from 8.01%

Indonesia’s sovereign bonds are Asia’s best performers this year and strategists say global funds are still hungry for benchmark debt that yields 8 percent in a world of negative interest rates.

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