Ringgit bond market still going strong

MARC Ratings Bhd chief economist Firdaos Rosli said: “Although there is a slight slowdown in issuances of late, it was nothing extraordinary for now. With the government’s desire to maintain economic growth targets, the local bond market may not be ominous, albeit it is recognised that interest rates and bonds have an inverse relationship.”

PETALING JAYA: The ringgit bond market is unlikely to see a slowdown in government bond issuances due to the country’s budget needs but corporate debt issues may see a slight drop amid rising interest rates.

MARC Ratings Bhd chief economist Firdaos Rosli said: “Although there is a slight slowdown in issuances of late, it was nothing extraordinary for now. With the government’s desire to maintain economic growth targets, the local bond market may not be ominous, albeit it is recognised that interest rates and bonds have an inverse relationship.”