July 22, 2019
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||3.252||▼ 0.2||▼ 0.8||▼ 27.4|
|5 Year||3.417||▼ 1.0||▼ 1.9||▼ 36.1|
|10 Year||3.605||▼ 0.2||▼ 1.2||▼ 47.5|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|MYR per USD||4.113||▼ 0.0||▼ 0.1||▲ 0.5|
|MYR per JPY||0.038||▲ 0.1||▼ 0.2||▼ 1.2|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D KLIBOR||3.000||▲ 1.0||▲ 7.0||▼ 19.0|
|3M KLIBOR||3.460||0.0||0.0||▼ 23.0|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Overnight Policy Rate||3.000||▼ 25.0||▼ 25.0|
* 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|
Malaysia's local currency (LCY) government bond yield curve shifted downward across all tenors between 1 March and 8 May. The cut in interest rate by the Bank Negara Malaysia drove the yields downward. The dovish sentiment of Bank Negara Malaysia had already been priced in as investors reacted to the central bank's statement in March.
Malaysia's LCY bond market expanded 2.9% quarter-on-quarter (q-o-q) and 7.6% y-o-y, reaching a size of MYR1,441 billion (USD353 billion) at the end of the first quarter (Q1) of 2019. The government and corporate segments both supported the expansion of the bond market, with shares of 53.1% and 46.9%, respectively. The amount of LCY government bonds outstanding climbed to MYR766 billon at the end of Q1 2019 on growth of 3.6% q-o-q, mainly driven by the expansion of central government bonds. LCY bonds outstanding in the corporate sector grew faster in Q1 2019 at 2.0% q-o-q versus 1.3% q-o-q in the fourth quarter of 2018. The corporate bond stock amounted to MYR675 billion.
In March, Bank Negara Malaysia liberalized its foreign exchange administration framework to allow investors to hedge their foreign exchange risks more effectively. Residents are now allowed to hedge their foreign exchange obligations for up to 12 months. To help small and medium-sized enterprises hedge their foreign currency risk, net importers are allowed to receive foreign currency payments for their domestic goods and services from resident exporters.
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