Foreign inflow into Malaysian bonds in July at net RM7.1b

“In line with robust foreign demand, yields trended down through July. This broad based decline was also driven by Bank Negara Malaysia’s fourth rate cut this year, for a total of 125 bps year to date," RAM Ratings said.

KUALA LUMPUR: Malaysian bonds continued to attract strong foreign interest in July with net inflow of RM7.1bil, which was the third consecutive net foreign inflow, RAM Ratings said.

“The consistent inflow had largely offset panic selling during the height of the pandemic, with the year-to-date to July net inflow currently standing at RM1.3bil, ” it said in a statement on Wednesday.