21 Jul 2025 | News & Feature

TFP W30 2025: Calm and collected in the SBN market

  • Sovereign bond yields are rising across developed economies, as G7 governments look to increase debt issuance to finance their fiscal expansions all at once.
  • In contrast, the stable supply outlook and robust domestic demand explain the ongoing stability in the SBN market.
  • Expectations of further policy rate cuts amidst the muted domestic growth outlook also explain the relatively stable bond yield in Indonesia and other developing Asian economies.