Foreign interest in debt market likely to be weak

Cheung: After the recent lower retracement, the three-year MGS yield is likely to consolidate around 3.45% to 3.55%.

PETALING JAYA: After consecutive net outflows of foreign funds from the domestic bond market, foreign interest in the debt market is expected to remain weak in the near term.

Fixed income analysts and economists attribute this, among others, to volatility in the global financial markets.