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Market Watch
Close of
July 22, 2019
Change From
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.

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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.

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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.

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Policy Rates
Change From
Policy Rates Latest Rate
Previous Rate
Overnight Policy Rate 3.000 25.0 25.0

* Policy rate changes are expressed in basis point change.

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Sovereign Ratings
Agency Rating Outlook Date
Regional Rating Institutions
R&I A stable 2016-07-05
RAM A2 stable 2019-01-15
Non-Regional Rating Institutions
Fitch A- stable 2017-08-17
S&P A- stable 2019-07-05

More details

  • Size of LCY Bond Market
  • Size of LCY Bond Market in % of GDP
  • Monthly Bonds Outstanding in USD
  • FCY Bonds Outstanding
  • Breakdown of LCY Bond Market Issuance
  • G3 Currency Bond Issuance
  • Government Securities Maturity Profile - LCY
  • Corporate Securities Maturity Profile - LCY
  • Investor Profile - Government Bonds
  • Foreign Holdings in LCY Government Bonds
  • Trading Volume
  • Bonds Turnover Ratio
  • Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
  • Yield Volatility - 10yr LCY Bonds
  • Credit Spread - LCY Corp. Bonds vs Govt. Bonds
  • iBoxx ABF Index Family
  • Bid-Ask Spreads (Survey data)
  • Government Bond Market Structural Issues
  • Corporate Bond Market Structural Issues

ASEAN+3 Bond Market Guide

ASEAN+3 Bond Market Guide 2016: Malaysia

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.

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* Download previous issues PDF
2019 Jun Mar
2018 Nov Sep Jun Mar
2017 Nov Sep Jun Mar
2016 Nov Sep Jun Mar
2015 Nov Sep Jun Mar
2014 Nov Sep Jun Mar
2013 Nov Sep Jun Mar
2012 Nov Sep Apr
2011 Nov Sep Mar
2010 Nov Oct Jul Mar
2009 Nov Sep

Market Summary

Yield Movements

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.

Size and Composition

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.

Policy, Institutional and Regulatory Developments

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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