KUALA LUMPUR: Foreigners continued to purchase Malaysian bonds in April, with more than 90% went to government bonds – Malaysian Government Securities and Malaysian Government Investment Issues.
RAM Rating Services said net foreign purchases of Malaysian bonds in April rose to RM6.4bil from RM5.9bil in March. “This extends the current streak of foreign buying to 12 months for a total of RM60.2bil, ” it said in a statement.
The rating agency said more than 90% of this total purchase went to government bonds, mainly underpinned by “sticky” investors (that is central banks, governments, pension funds and insurers).
RAM pointed out that amid steady foreign appetite and abating selling pressure, domestic bond yields tumbled in April.