Asian Bonds Are Back in Vogue as Funds Scoop Up Indonesian Debt

(Bloomberg) — Global funds have just scooped up the most Indonesian bonds in over a year, a move that may signal a revival of interest in emerging Asian debt.

Rupiah sovereign notes reeled in $467 million on Monday, the largest one-day inflow since August 2021, government data showed. This came on the heels of $1.5 billion of purchases in November, which was the most in three years.