Malaysian debt risk on uptrend

PETALING JAYA: The risk on Malaysian debt has increased, with the credit default swap (CDS) rising to a one-year high amid concerns on the country’s macroeconomic outlook.

The CDS of the five-year ringgit bond – an indication of the strength of the government debt papers – was at 106 basis points (bps) at the time of writing. It has steadily gone up since January this year.