Fong: Foreign investors may further rationalise their bond holdings in the domestic market due to the prevailing risk-off sentiment.
PETALING JAYA: The Malaysian bond market will likely hold up for now with the benchmark 10-year Malaysian Government Securities (MGS) projected to hover between 3.75 and 4.00 by year-end as investors adopt a wait-and-see stance in the wake of the recent negative newsflows.
Economists and bond analysts concurred that the local debt market is still resilient underpinned by the country’s healthy macro fundamentals.
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