Finance Minister Purbaya Yudhi Sadewa stated that the bond stabilization fund could involve financing sources from institutions under the Ministry of Finance, including special mission vehicles (SMVs), to maintain stability in the domestic bond market.

Purbaya explained that under the previous design, several institutions would participate in the fund, including the Ministry of Finance and all SMVs under its supervision, to help stabilize bond prices. According to him, the funding source would not rely solely on SAL.

He emphasized that the establishment of the bond stabilization fund is intended to keep the bond market stable and less vulnerable to foreign investor movements.

The measure is also expected to reduce volatility in the domestic financial market while helping maintain the stability of the rupiah exchange rate.

Purbaya assessed that pressure in the bond market over the past few months had been triggered by foreign capital outflows from the domestic debt market, which caused yields to rise rapidly.

According to him, the scale of the capital outflow was actually not very large, but it still affected the stability of the rupiah exchange rate.

He said that if the outflow amounted to only around Rp1-2 trillion, it should still be manageable relatively easily. Therefore, he wanted to contribute by assisting the central bank in maintaining market stability.

Purbaya added that the implementation of the bond stabilization fund would still be discussed further with relevant authorities, including its operational mechanism, and is expected to begin in the near future.

Previously, on Wednesday (6/5/2026), the Finance Minister revealed plans to reactivate the bond stabilization fund as part of efforts to stabilize the rupiah exchange rate.

He stated that the government already has its own bond stabilization fund involving several parties and that it could temporarily be supported using internal government funds.

The fund is intended to stabilize the bond or debt securities market by conducting buybacks of government securities (SBN) in the secondary market that are sold by investors.

This strategy is aimed at maintaining stable SBN yields so that foreign investors holding government bonds do not suffer capital losses.

However, the bond stabilization fund prepared by Purbaya has a different framework compared to the Bond Stabilization Framework (BSF) owned by the Financial System Stability Committee (KSSK).

According to Purbaya, the Ministry of Finance already possesses the bond stabilization fund, but it has remained inactive because it has never been utilized.