Asian Fixed Income: Continuing Rally for Indonesian Bonds

Indonesian bonds, as tracked by the S&P Indonesia Bond Index, gained 5.59% YTD as of April 5, 2017. This is a continuation of the strong growth trend observed in 2016, when the index increased 13.7% owing to the Bank Indonesia’s cut in interest rates on six occasions throughout the year. Indonesia has been one of the top three best-performing countries tracked by the S&P Pan Asia Bond Index over the past three years. Both equities and bonds have been performing well on the basis of solid economic fundamentals.

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