THE 10-year Malaysian Government Securities (MGS) was last seen at 4.13%, and since the beginning of the year, the benchmark yield has risen by 57 basis points (bps) and it is now at the highest level since December 2018.
The benchmark paper has also moved 163bps from the lowest point in August 2020 when the yield on the papers stood at 2.50%, as the impact of the pandemic saw massive liquidity being injected into the economy while global interest rates too were at a record low.
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