Bonds weaken on UST yield, dollar rise

MALAYSIA’S government bonds and the ringgit continued to weaken on a weekly basis due to the strong US dollar and continued rise in US Treasury (UST) yields.

In the United States, the outlook for “higher-for-longer” interest rates by the US Federal Reserve (Fed), and further supported by concerns over inflation due to the surge in global crude oil prices, lifted UST yields to their highs since 2006.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

HeiTech Padu bags RM37mil contract from MoH
Indian bond yields forecast to be slightly lower
Seamless transfer of listings
Tourist arrivals to pick up significantly next year
Recovery forecast for 2024
Rosy outlook for healthcare sector
UMW in maintenance deal with IOI
Supermax looking to better times on a dynamic work environment
MSM calls for speedy decision on sugar prices
Hong Leong Bank targets growth in SME loans

Others Also Read