Malaysia’s government bond market held steady last week, with yields near year-to-date highs despite fiscal concerns driven by rising global prices.
The price of RON95 petrol was maintained, but diesel (Peninsular Malaysia only) and RON97 saw sharp increases of 20.4% and 18.2% respectively, adding pressure to the fiscal outlook.
In the primary market, the MYR5.0 billion MGS 03/29 new issue attracted MYR11.1 billion in bids, achieving a bid-to-cover ratio of 2.218x. However, the average yield of 3.237% was higher than the 3.19% when-issued level, reflecting cautious investor sentiment. The upcoming auction of the 7-year GII 03/33 is expected to see firm demand if the when-issued yield exceeds 3.40%. Indicative yields for the 7Y GII are up about 7 basis points year-to-date.
Corporate bond sentiment weakened, with PDS yields edging higher and average daily trading volume (excluding CPs) falling to MYR550 million from MYR660 million the previous week.
Case underscores ongoing anti-corruption efforts in public sector.
New features aim to improve online safety and parental control.
Hata, Malaysia's digital asset exchange, raised USD 8 million to enhance its growth and innovation.
Airbus expands its defense collaboration in Malaysia, signing agreements with local companies to enhance the…
RGB International may break its sideways channel, with potential price increases if key resistance is…
ICT Zone Asia may rise above RM0.205, but dropping below RM0.175 suggests potential price weakness.
This website uses cookies.