June’s bond sell-off was mainly driven by cooling bets on ringgit gains, according to BNP Paribas.
KUALA LUMPUR: The country’s sovereign bond market looks poised to bounce back from recent selling pressure, after a rate cut this week that may fuel bets on further easing.
Bank Negara lowered borrowing costs for the first time in five years on Wednesday, calling it a “pre-emptive measure” in the face of growing risks for the South-East Asian nation’s economy.
