Foreigners still seek MGS


Higher yields: Chu is forecasting 10-year MGS to hover at 4 in the second quarter and 4.05 in the fourth quarter.

PETALING JAYA: The persistent upward pressure will likely see Malaysian government bond yields surpassing last year’s level and exceeding the 4% mark this year.

Economists and bond analysts expect the Malaysian government securities (MGS) yields to stay elevated, although most agree it would not dampen investors’ appetite as prices for these instruments would be able to hold up. Bond yields and prices have an inverse relationship.

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