Foreign outflow from bond market persisted in April, albeit milder

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Consequently, the cumulative foreign fund flow year-to-date fell to RM379.6 million. theSun theSundaily bond business news

PETALING JAYA: The Malaysian bond market registered a net outflow of foreign funds for a second successive month in April, with net outflow amounting to RM2.2 billion, slower than the RM4.0 billion selloff seen in March.

“However, foreign investors remained interested in short term government securities - Malaysian Treasury Bills and Malaysian Islamic Treasury Bills - for the third consecutive month, recording RM905.6 million in net purchases,” said RAM Ratings in a statement today. In line with market expectations, the Fed delivered a 50 bps interest rate hike on May 4. The Fed also announced it would start paring down its balance sheet from June onwards to significantly reduce securities holdings accumulated under the aggressive bond purchase programme instituted amid the pandemic.

The uptrend generally persisted in first half of May, with yields of these securities climbing further to 2.93% and 4.43%, respectively, as of May 13.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GLOBAL MARKETS-Stocks tumble on growth concerns, bond yields slipSINGAPORE (The Straits Times/Asia News Network): Hundreds of people turned up at the funeral service for the man and his daughter who lost their lives in the Bedok North fire on May 13.
Source: staronline - 🏆 4. / 75 Read more »