KUALA LUMPUR: Malaysian bonds outperformed regional counterparts in May after Barisan Nasional under Prime Minister Datuk Seri Najib Tun Razak’s election victory removed the risk of a power shift, prompting analysts to maintain forecasts for appreciation in the ringgit this year.
Government securities gained an average 0.3%, while local-currency notes in Singapore and Indonesia slumped 2.4%, according to HSBC Holdings Plc indexes. Thai debt handed investors almost zero returns and Philippine bonds fell 0.8%.
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