Further, the exodus from emerging market financial assets, led the government bond (SUN) price index (IDMA index) to fall to its lowest level ever at 67.11 in October 2008, which mean that across the board yield of SUN, has hike to above 15%.
The IDR exchange rate again US Dollar, has also weakened dramatically from around 9.200 levels, to reach its peak at 12.000 levels in November 2008. However, the above symptoms of increasing counterparty and credit risk also could be observed in domestic market. The inter-bank money market indicators also revealed similar shape, to those found in global market during the crisis.