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The rupiah closed at 18,127 per dollar, close to a record low of 18,175 earlier in the week. The 10-year government bond yield rose to 7.71%, the highest since May 2020, after weak demand at a bond auction.
A weaker rupiah raises the cost of imported feed ingredients for Indonesia, and rising domestic yields add funding costs for the feed and livestock sector. The article also links the pressure to oil above US$115 per barrel, which raises import bills.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.