Local bonds luring unhedged bets boost ringgit rally


Global funds bought RM8.1bil of Malaysian government bills and bonds in August. — Bloomberg

SINGAPORE: Investors are snapping up Malaysian bonds without resorting to hedging, supercharging a rally in the country’s currency that’s Asia’s top performer this year.

Global funds bought RM8.1bil of Malaysian government bills and bonds in August, the largest inflows since July 2023, according to Bloomberg calculations based on data from Bank Negara.

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