KUALA LUMPUR: The Malaysian bond market is expected to remain bearish in June after a brief respite in May due to concerns about a wider fiscal deficit and debt levels.
Following the newly launched RM35bil Penjana stimulus package by the government, RAM Ratings Services Bhd said investors’ concerns pushed up the 10-year Malaysian government securities (MGS) yield by 25.5 basis points to a peak of 3.12% on June 9, before retreating below 3%.
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