An auction of Malaysian government bonds drew the weakest demand this year, as traders pared expectations for rate cuts and corporate issuances shifted investor interest away from sovereign debt.
The sale of RM3bil of bonds due in July 2055 got bids totalling RM4.1bil, according to Bank Negara Malaysia. The bid-to-cover ratio fell to 1.38 times, even lower than the September average of 2.06 times, data compiled by Bloomberg showed.
