Trump’s plans for expansionary fiscal policies that could
spur growth and inflation sent the UST yield curve steepening last week.
This led the 1s USDIDR to spike to a high not seen since Jan at 14113 on
Fri as foreign investors raced to hedge their exposure to local currency
bonds. The narrowing yield differentials with the US triggered a sell-off
in Indonesian debt as reflected in the higher yields across most tenor on
Fri ...
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