Indonesia records foreign capital outflow of 1.5 bln USD in 2nd week of March

Jakarta (Indonesia Window) – Indonesia’s central bank, Bank Indonesia (BI), has recorded a foreign capital outflow of 21.46 trillion rupiahs (about 1.5 billion U.S. dollars) from the domestic financial market in the second week of March.

The numbers came from the government securities market and the stock market.

Chief Executive Director of BI’s Communications Department Erwin Haryono in an official statement here on Friday (March 11) noted that there was 10.86 trillion rupiahs (some 760.2 million dollars) of foreign capital out of the government securities market and 10.60 trillion rupiahs (some 742.07 million dollars) from the stock market.

Thus, the overall net foreign capital outflows were recorded at 20.80 trillion rupiahs (about 1.4 billion dollars) in the government securities market and 28.30 trillion rupiahs (about 1.9 billion dollars) in net foreign capital inflows in the stock market from January 1 to March 9, 2022.

Meanwhile, Indonesia’s five-year credit default swap (CDS) fell to 106.04 basis points (bps) as of March 10, 2022 from 114.91 bps in March 4, in line with the easing of risk-off sentiment on global financial markets.

The 10-year tenor of Indonesia’s government securities yield was stable at the level of 6.72 percent.

Meanwhile, the yield is still quite far from the yield on the 10-year U.S. bond which was recorded to have risen to the level of 1.986 percent.

Reporting by Indonesia Window