Indonesian Rupiah Gains, Government Bond Yields Fall Despite Rising US Treasury Yields

The Indonesian Rupiah strengthened against the USD, reaching IDR17,642/USD, while Indonesian Government Bond (INDOGB) yields decreased by 1 basis point. This occurred despite an increase in US Treasury yields, narrowing the INDOGB–UST spread. Domestic demand and Rupiah stability are cited as factors supporting INDOGB, helping maintain the central bank's capacity for financial stability.