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Aug

07

Funds Turn Bullish on Indonesian Bonds Even as Rupiah Declines

By Tony Seruga

Central bank has moved ahead of the curve, Western Asset says
Schroder Investment is positive about Indonesia’s dollar debt

Indonesia 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 boost holdings of Indonesian bonds, citing sound domestic fundamentals and inflation that is close to target. Western Asset Management Co. says a proactive central bank and the recent increase in yields may be creating a buying opportunity for the nation’s dollar-denominated debt…

Funds Turn Bullish on Indonesian Bonds Even as Rupiah Declines

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