KUALA LUMPUR: The yield of Malaysian Government Securities (MGS) is expected to face some further downward pressure as the market is also considering the prospects of an overnight policy rate (OPR) cut by Bank Negara, according to RAM Ratings. The rating agency said expectations of a cut in OPR followed Bank Negara’s more cautious tone in its latest monetary policy statement released on March 5.
RAM said the Malaysian bond market enjoyed renewed foreign interest in February.
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