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The case of rupiah jitters for Indonesia's foreign bond investors
Forward rupiah markets, bond yields down but Indonesia bonds still offer second-highest yield in Asia, after India
Published Wed, Mar 4, 2015 · 09:50 PM
Singapore
FOREIGN portfolio investors are showing signs of losing faith in Indonesia's ability to support the rupiah, going by their lacklustre interest in the latest government debt auction.
At Tuesday's auction of bonds ranging in maturity from three months to 19 years, foreign investors picked up just about 10 per cent of the 10 trillion rupiah (S$1.05 million) worth of total issuance, analysts at Maybank estimated.
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