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Indonesia: MSCI spillover weighs on IndoGBs – DBS

Reported · Written up by our desk · Major Pairs

DBS Group Research economist Sherilyn Chew highlights deepening stress in Indonesia’s bond market, with IndoGBs extending losses following MSCI-driven outflows despite recent calibrated policy moves by Bank Indonesia. She notes bear-steepening of the curve, pronounced pressure in the belly, cautious corporate issuance, and Indonesia’s potential Panda bond sale as a pragmatic but limited funding diversification step.

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