Malaysia bond laggards show signs of recovery

Hard-currency bond issuance from Malaysian companies is limited and yields are “attractive, ” according to Joevin Teo, head of Asian fixed income at Amundi Asset Management in Singapore.

JAKARTA: Malaysian corporate dollar bonds are the worst performers in South-East Asia this year, but are clawing back some ground as economic growth looks set to outpace the country’s neighbours.

The securities have returned about 0.9% this month, cutting their loss for the year to 3.5%.