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Close of December 8, 2023 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 3.379 | ▲ 0.5 | ▼ 1.6 | ▼ 16.7 |
5 Year | 3.579 | ▲ 1.3 | ▼ 4.5 | ▼ 28.0 |
10 Year | 3.741 | ▲ 1.2 | ▼ 8.5 | ▼ 35.8 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
MYR per USD | 4.665 | ▲ 0.2 | ▲ 0.2 | ▼ 5.9 |
MYR per JPY | 0.032 | ▲ 0.8 | ▼ 1.1 | ▲ 4.2 |
* 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 | 0.0 | 0.0 | ▲ 28.0 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (2-Nov-2023) |
Previous Rate (7-Sep-2023) |
YTD Rate |
|
Overnight Policy Rate | 3.000 | 0.0 | ▲ 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 | 2023-12-05 | |
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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The local currency (LCY) government bond yield curve of Malaysia shifted upward between 1 September and 10 November. This mirrors the movement in the yields of United States Treasuries during the same period.
Malaysia’s LCY bond market reached a value of MYR1,982.6 billion, corresponding to a 1.5% quarter-on-quarter (q-o-q) growth in the third quarter of 2023. The expansion was supported by the growth in all LCY bond types, with Bank Negara Malaysia bills jumping 29.2% q-o-q. Outstanding Islamic bonds increased as well, growing 1.0% q-o-q. LCY bonds issued during the review period expanded 53.7% q-o-q due to increased issuance of central bank bills and LCY corporate bonds.
In October, the Government of Malaysia announced that it will reduce its 2024 fiscal deficit to 4.3% of gross domestic product from the projected 5.0% for 2023. The objective is in line with the goal of the Public Finance and Fiscal Responsibility Act which aims to reduce Malaysia’s fiscal deficit to 3.0% of gross domestic product in 3 to 5 years.