Loomis Sayles, Schroder See Reasons to Buy Indonesian Bonds
- Central bank has moved ahead of the curve, Western Asset says
- Schroder Investment is positive about Indonesia’s dollar debt
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Indonesia has 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 buy more Indonesian bonds, citing sound domestic fundamentals and inflation that’s close to target. Western Asset Management Co. says a proactive central bank and the recent yield increase may be creating a buying opportunity for the nation’s dollar debt. Nomura Holdings Inc. and Schroder Investment Management Ltd. are also positive.