India, Indonesia Debt Outperforms China Despite Global Selloff
- Higher yields provided bigger offset to price losses, DBS says
- Stronger currencies, fatter yield premiums add to appeal
Indonesian debt has been buoyed by fiscal consolidation measures and relatively better-contained inflationary pressures.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indian and Indonesian bonds are offering shelter from extreme volatility in global markets.
The two countries’ sovereign debt only lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets in Asia including China, according to data compiled by Bloomberg. They knocked China off the top spot as the best performer in the region.