INDONESIA: 2-Yr Premium Suggests BI Hold: Front End Remains Attractive
* Bond yields are lower ahead of the BI decision later with the 5-Yr the outperformer, down -6bps at 6.87% as growing evidence suggests that some general insurers began asset allocating out of equities into bonds, when the 5-Yr was trading through 7%. * Whilst the JCI is down around -27% YTD, from the June lows to curr