Foreign inflow persisted in January despite rising global yields

KUALA LUMPUR: Foreign buying of Malaysian bonds continued into January with a net total inflows of RM3.5bil despite a surge in global yields following the US Federal Reserve’s impending interest rate hike.

RAM Rating Services Bhd (RAM Ratings) said net foreign purchases of Malaysian Government Securities (MGS) and Government Investment Issues (GII) amounted to RM4.3bil in January.