Local bond market seen picking up

Malaysian Rating Corp Bhd associate director of research and chief economist Nor Zahidi Alias said the government should not pull the brakes on development expenditure.

PETALING JAYA: Momentum is seen picking up in the Malaysian bond market after two consecutive months of foreign net outflows, while the local currency may face renewed pressure.

The catalyst spurring the debt market will be local funds buying into the bond market amid rising external uncertainties and geopolitical risk.