Over the longer term, all-time low global interest rates amid liquidity-boosting measures by central banks would continue to suppress domestic bond yields.
KUALA LUMPUR: RAM Ratings expects foreign buying of Malaysian government securities (MGS) is likely to remain dull for the rest of June after a brief respite in May due to concerns about a wider fiscal deficit and debt levels.
It said on Monday foreign interest returned to the Malaysian bond market in May after three consecutive months of net outflows (totalling RM22.4 bil), supported by a more upbeat global sentiment.
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