Foreign investors net buyers of MGS, GII in November

PETALING JAYA: Foreign investors turned net buyers of Malaysian Government Securities (MGS) and Government Investment Issue (GII) in November to RM1.2bil after two consecutive months of net selling, says RAM Rating Services Bhd.

In a statement, it said this was due to the less hawkish messaging put out by the Federal Reserve in early November, which had reignited interest in local currency emerging market bonds last month.