The result — not exactly calming but not overly concerning — comes after investors have been unnerved by setbacks for Southeast Asia's biggest economy, putting the bond market and rupiah under the microscope. On Thursday, the currency softened 0.3% to 16,933 as the US dollar firmed ahead of a Bank Indonesia policy decision later in the day. Foreign sentiment for bonds seen stableIndonesia raised a higher-than-targeted 40 trillion rupiah (US$2.4 billion) from its regular bond auction on Wednesday in its first bond offering since Moody's downgrade. "Foreign sentiment for rupiah bonds has remained largely stable," said Winson Phoon, the regional head of fixed income research at Maybank. "No sign of a drastic change in foreign positioning although foreign holdings have dipped slightly over the past one week."

Source: The Edge Markets February 19, 2026 10:43 UTC