Malaysian bonds are turning vulnerable to further outflows as local yields are seen rising along with those on Treasuries with Donald Trump poised to be the next US president.
The nation’s corporate and sovereign bonds saw a net outflow of 11.2 billion ringgit ($2.6 billion) last month, the most since March 2020, according to Bank Negara Malaysia data complied by Bloomberg. Along with the fallout of a Treasury selloff, the ringgit’s decline brought about by a stronger dollar is seen pushing up local yields further due to the rising correlation between the two.
