Weakening greenback a boon for local bonds

Fund managers largely believe that a weakening dollar would benefit investment options in emerging markets.

PETALING JAYA: As equity markets globally continue to trend higher on the back of dovish comments from the US Federal Reserve (Fed), especially since December 2023, it will be interesting to see what this holds for Malaysian bonds, especially Malaysian Government Securities (MGS).

After all, textbook wisdom usually dictates that bonds move inversely to equities.