PETALING JAYA: The outbreak of the Omicron variant has led to renewed haven demand for local government bonds (govvies) as at the end of November.
“Investors were inclined towards bonds with longer maturities, driving the 15-year and 30-year Malaysian government securities (MGS) yields to drop by 17 basis points (bps) and 14 bps month-on-month (m-o-m).
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