Bank Indonesia recorded a net capital outflow of Rp4.22 trillion (approx. MYR1.2 billion) from the Indonesian financial market in the period from October 10 to 13, 2022.
The capital outflow comprised Rp3.43 trillion from the government bond (SBN) market and Rp0.79 trillion from the stock market, executive director and chief of the BI’s communication department Erwin Haryono informed in a written statement released in Jakarta on Friday.
Overall, in the year ended October 13, net capital outflows from the government bond market touched Rp170 trillion (MYR 51.6 billion) while capital inflows to the stock market reached Rp71.85 trillion (MYR21 billion) the central bank informed.
The country’s five-year credit default swap rose to 160.24 basis points (bps) on October 13 from 154.43 bps on October 7, it added.
As per the central bank’s records, the rupiah’s exchange rate against the dollar strengthened to 15,355 in Friday’s first trading session compared to 15,360 per dollar the previous day. Meanwhile, the US dollar index (DXY) weakened to a level of 112.36. Further, the yield on 10-year Indonesian government bonds (SBN) rose to 7.36 percent.
Overall, the yield on 10-year SBNs was still far higher than the yield on 10-year US bonds, which was recorded at 3.944 percent the Central Bank said.
