US Fed tapering affecting local debt market

  • Business Premium
  • Friday, 07 Feb 2014

PETALING JAYA: The latest move by the US Federal Reserve (Fed) to taper its bond purchases will slow down local bond issuance this year but will not significantly impact the bond market as a whole unless the reduction of bond purchases is aggressive.

Industry observers said further hikes in bond yields would not solely be due to the Fed’s actions alone but from higher inflationary pressure from the Government’s subsidy rationalisation plan.

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