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The 10-year government bond yield rose to about 7.8% on November 2, its highest level since May 2020. The rupiah approached 18,200 per US dollar.
Economists attribute the pressure to rising US bond yields, expectations of high interest rates, risk aversion and domestic fiscal uncertainty.
Higher domestic borrowing costs and a weaker rupiah raise the cost of imported feed inputs and financing for Indonesian feed and livestock producers. Commodity price impact is indirect.
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.