The broad-based synchronized growth story continued to soften through March, as consumers pared back purchases in the face of rising prices.
In the near-term, we foresee US Treasury moves influencing the direction of regional bonds.
A broad-based synchronized recovery continues to gain traction. Following the strongest year of global growth since 2010 (estimated at 3%) the consensus forecast for the current year looks to be even rosier.
In the near-term, we foresee flows into Indonesian bonds to be supported by the inclusion of IDR-denominated bonds into the Bloomberg Barclays Global Aggregate Index.