January 16, 2020
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||3.013||▲ 0.2||▲ 1.4||▲ 0.7|
|5 Year||3.170||▼ 0.4||0.0||▼ 0.9|
|10 Year||3.284||▼ 0.1||▲ 0.1||▼ 2.9|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|MYR per USD||4.063||▲ 0.3||▲ 0.7||▲ 0.7|
|MYR per JPY||0.037||▲ 0.5||▲ 1.3||▲ 2.1|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D KLIBOR||3.000||▲ 6.0||▲ 6.0||0.0|
|3M KLIBOR||3.330||0.0||0.0||▼ 2.0|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Overnight Policy Rate||3.000||0.0||0.0|
* Policy rate changes are expressed in basis point change.
|Regional Rating Institutions|
|Non-Regional Rating Institutions|
ASEAN+3 Bond Market Guide is a comprehensive explanation of the regionís bond markets. It provides
various information such as the history, legal and regulatory framework, speciic characteristics of the
market, trading and transaction including settlement systems, and other relevant information. The Bond
Market Guide 2016 for Malaysia is an outcome of the strong support and kind contributions of ASEAN+3
Bond Market Forum members and experts, particularly from Malaysia. The report should be recognized as a
collective good to support bond market development among ASEAN+3 members.
|* Download previous issues PDF|
Between 31 August and 15 October, movements in Malaysia's local currency (LCY) government bond yields were mixed. The shorter end of the yield curve declined while yields of long-term tenors increased. The movements in the yield curve in Malaysia are reflective of the trend in the United States during the review period where the shorter end of the yield curve dropped while the longer end rose. Uncertainty over the upcoming Bank Negara Malaysia's (BNM) monetary policy committee meeting in November may have contributed to investors preferring shorter duration tenors over long-term investments, as assessed by some market participants, and as evidenced by short-term yields falling and long-term yield rising toward the end of the review period.
Malaysia's LCY bond market expanded 0.3% quarter-on-quarter in the third quarter (Q3) of 2019 to reach a size of MYR1,493.1 billion (USD356.5 billion), up from MYR1,488.1 billion at the end of the second quarter of 2019. The growth corresponds to an 8.3% year-on-year jump from MYR1,378.6 billion at the end of Q3 2018. On an annual basis, the growth in the LCY bond market in Q3 2019 was supported by growth in both LCY government and corporate bonds. Total outstanding sukuk (Islamic bonds) at the end of the review period stood at MYR920.2 billion on growth of 0.3% quarter-on-quarter from MYR917.5 billion at the end of the previous quarter, spurred by increased stocks of corporate sukuk.
On 16 August, BNM issued several new policies on foreign exchange administration to provide more flexibility and efficiency for businesses in managing their foreign exchange risks. Resident investors are allowed to hedge their foreign currency current account obligations up to their underlying tenure. Resident treasury centers may hedge on behalf of their related entities. Nonresident treasury centers may also do so, but they must register first with BNM. Nonresident investors are allowed to hedge on an anticipatory basis through an appointed overseas office for the settlement of their trades in goods and services. Finally, the definition of domestic MYR borrowing has been revised to exclude credit facilities used by corporations for miscellaneous expenses.
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