Malaysian bond yields surge as vaccine euphoria takes hold

Foreign holdings in MGS rose by RM1.8bil (Oct: RM3.9bil) to RM175bil, equivalent to 40.1% of total outstanding MGS.

UALA LUMPUR: Malaysian bonds tanked in November, sending yields significantly higher compared to October on return of risk sentiment, according to Malaysian Rating Corporation (MARC).

It said on Friday domestic investors reduced their Malaysian Government Securities (MGS) holdings as the prospect of a quicker economic recovery had heightened, diminishing expectations of future rate cuts.