Malaysian government bonds rose, driving the five-year yield to its lowest level since 2013, on speculation the nation's debt is luring investors amid a selloff in stocks.
The yield on the notes has dropped 18 basis points in the past month, while the benchmark stock gauge lost 1.5 percent. Malaysia's 10-year bonds, which are rated the fourth-lowest investment grade by Standard & Poor’s, offer the second-highest yields among Southeast Asia's three biggest economies. The government will take measures to cut spending, including studying the privatization of projects, the finance ministry's top bureaucrat Mohd Irwan Serigar Abdullah said Wednesday.
“In this part of the world, Malaysian bonds offer higher returns vis-a-vis the ratings,” said Nik Mukharriz Muhammad, a Kuala Lumpur-based fixed-income analyst at the investment- banking unit of CIMB Group Holdings Bhd., the country's second- biggest lender by assets.
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The yield on the notes has dropped 18 basis points in the past month, while the benchmark stock gauge lost 1.5 percent. Malaysia's 10-year bonds, which are rated the fourth-lowest investment grade by Standard & Poor’s, offer the second-highest yields among Southeast Asia's three biggest economies. The government will take measures to cut spending, including studying the privatization of projects, the finance ministry's top bureaucrat Mohd Irwan Serigar Abdullah said Wednesday.
“In this part of the world, Malaysian bonds offer higher returns vis-a-vis the ratings,” said Nik Mukharriz Muhammad, a Kuala Lumpur-based fixed-income analyst at the investment- banking unit of CIMB Group Holdings Bhd., the country's second- biggest lender by assets.
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