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12.05.202607:12:32UTC+00Indonesia 10-Year Yield Rises on Global, Domestic Strains

Indonesia’s 10-year government bond yield rose to 6.74%, rebounding from recently subdued levels and tracking gains in U.S. Treasuries ahead of the April CPI release, which could clarify how the Iran conflict is reverberating through the global economy. Domestic indicators added to the pressure: March retail sales growth slowed to a nine-month low, while consumer confidence in April hovered near a five-month trough. At the same time, investors remained wary that escalating tensions in the Middle East could push up energy prices and disrupt supply chains, even as Indonesia’s April inflation eased. Losses were partly limited, however, by reports that the government plans to establish a bond stabilisation fund to support the debt market amid rising yields and ongoing capital outflows.

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