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Close of August 15, 2022 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 3.360 | ▼ 0.3 | ▲ 1.3 | ▲ 103.3 |
5 Year | 3.756 | ▼ 1.2 | ▼ 5.2 | ▲ 60.6 |
10 Year | 3.974 | ▼ 0.4 | ▼ 0.4 | ▲ 39.5 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
MYR per USD | 4.458 | ▼ 0.3 | ▲ 0.0 | ▼ 7.0 |
MYR per JPY | 0.033 | ▼ 0.4 | ▼ 1.2 | ▲ 7.6 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D KLIBOR | 2.200 | 0.0 | ▼ 5.0 | ▲ 45.0 |
3M KLIBOR | 2.700 | 0.0 | 0.0 | ▲ 65.0 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (11-May-2022) |
Previous Rate (3-Mar-2021) |
YTD Rate |
|
Overnight Policy Rate | 2.000 | ▲ 25.0 | ▲ 25.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
---|---|---|---|---|
Regional Rating Institutions | ||||
R&I | A+ | stable | 2021-06-02 | |
RAM | gA2 | stable | 2020-01-16 | |
Non-Regional Rating Institutions | ||||
Fitch | BBB+ | stable | 2022-02-24 | |
S&P | A- | stable | 2022-06-28 | |
NEWS HIGHLIGHTS
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BOND ISSUANCES
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's 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. View Report
Implementation Guidelines for Malaysia
August 2015
The ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) Implementation Guidelines for Malaysia are provided to review the AMBIF Elements and detail the corresponding features of Malaysia market in relation to each element.
Download Report
* Download previous issues PDF | ||||
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Joining other emerging east Asian economies, Malaysia’s local currency (LCY) government bond yield curve rose across all tenors during the 28 February to 15 May review period. This was due to Bank Negara Malaysia’s monetary policy tightening in May, following global trend where central banks worldwide have been increasing interest rates to fight inflationary pressure. The 2-year and 10-year government bond yield spread posted a contraction from 126 basis points to 82 basis points during the review period.
An expansion of 1.7% quarter-on-quarter (q-o-q) was recorded for Malaysia’s LCY bond market in the first quarter of 2022. The market attained a size of MYR1,764.9 billion (USD419.8 billion) at the end of March. The bond market’s growth was due to the growth in both outstanding LCY government and corporate bonds which grew 2.8% q-o-q and 0.3% q-o-q, respectively. At the end of the quarter, total outstanding sukuk (Islamic bonds) grew 1.8% q-o-q due to increased stocks of government and corporate sukuk.
On 25 March, Bank Negara Malaysia announced the formation of the Malaysia Islamic Overnight Rate, a new reference rate for Shariah-compliant financial products. The reference rate will replace the Kuala Lumpur Islamic Reference Rate immediately. With the new benchmark, Malaysia’s central bank will be promoting better transparency and innovation in Islamic finance.