Indonesian Bond Demand Hits One-Year Low After MSCI Kerfuffle

Demand for Indonesian government bonds weakened to its lowest in about a year, after investability concerns raised by MSCI Inc. about the nation’s stocks spilled over into broader markets.

The government sold 36 trillion rupiah ($2.1 billion) of debt at Tuesday’s auction, according to the Ministry of Finance’s debt management office. Although the sale exceeded the indicative target, the bid-to-target ratio dropped to 2.32, the lowest since January 2025, according to data compiled by Bloomberg.