PETALING JAYA: Foreign holdings of ringgit bonds may scale new highs in the medium to longer term, supported by resilient fundamentals and relatively high-yields among current account-positive emerging markets Asian peers.
Maybank Investment Bank Research (Maybank IB) maintained its recommendation for Malaysian Government Securities (MGS) at “neutral” as a 25-basis-point rate cut had mostly been priced in, but would look to add on yield uptick.
