Ringgit opens weaker as US bond yields rise

KUALA LUMPUR: The ringgit continued to weaken against the US dollar as the 10-year United States Treasury yield rose to 4.91 per cent -- the highest since 2007, suggesting that inflation premium is on the rise, said an analyst.

At 9 am, the local currency traded easier at at 4.7615/7650 against the greenback from Wednesday’s close of 4.7445/7485.