Forex volatility to drive M'sian bonds, no major sell-off seen

Chu: ‘We think the real risk is smaller than what the market volatility is pricing in.’

PETALING JAYA: Demand for debt financing remained resilient, especially in communications, construction and infrastructure sectors, despite weak market conditions.

CIMB Group head of treasury and markets Chu Kok Wei said that in the short term, volatility in foreign exchange would continue to drive sentiment in Malaysian bonds, mainly from the concerns of foreign holding of ringgit debts.