Fed rate hikes to see more selldown in short-dated Malaysian Government Securities

Bond Pricing Agency Malaysia chief executive Meor Amri Meor Ayob(filepic) post Brexit referendum on June 23 up until June 30 June, the domestic bond market has reacted favourably as MGS yields decreased between 2bps and 14bps across the curve.

PETALING JAYA: More selldown in the short dated Malaysian Government papers is expected should there be any further US Federal Reserve rate hikes this year, according to analysts.

At the same time, several of them are also not revising downwards their bonds projections issuance despite the huge selldown of Malaysian Government bonds.