Junk Bonds Outperform as Economy Reopens: Indonesia Credit

Indonesian high-yield dollar bonds are beating their regional peers as prospects for the economy improve after Covid-19 cases dropped to their lowestsince May.

• Junk bonds from Indonesian companies in the U.S. currency have returned 0.7% so far this month, adding to gains in the quarter. That compares with declines in September for such debt from Chinese peers, where quarterly losses have widened to 6.4%, Bloomberg Indices shows. A broader Asian junk index also has lost money this month as notes of developer China Evergrande Group plunged
• Indonesian companies in industries such as telecommunication, banking and some property developers ...