September 19, 2018
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||3.478||▼ 2.0||▼ 3.1||▲ 34.0|
|5 Year||3.781||▼ 3.0||▼ 6.5||▲ 22.1|
|10 Year||4.106||▼ 1.7||▼ 6.4||▲ 19.2|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|MYR per USD||4.144||▼ 0.0||▲ 0.1||▼ 2.4|
|MYR per JPY||0.037||▼ 0.1||▲ 1.0||▼ 2.8|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D KLIBOR||3.190||▲ 1.0||▲ 1.0||▲ 28.0|
|3M KLIBOR||3.690||0.0||0.0||▲ 25.0|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Overnight Policy Rate||3.250||▲ 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 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.
|* Download previous issues PDF|
Malaysia’s local currency (LCY) government bond yield curve shifted upward for all tenors between 1 March and 15 May. Large increases were seen in tenors from 1 year to 5 years, with an average gain of 26 basis points. The upward trend in Malaysia’s local government bond yields during the review period was driven by a number of factors which includes: (1) rising global yields especially for United States Treasuries; (2) Bank Negara Malaysia’s interest rate hike in January which raised the overnight policy rate by 25 basis points to 3.25%; (3) and the unexpected outcome of the Malaysian general election which made investors cautious in setting their position on local bonds as they wait for more clarity from the new government on its policies.
Malaysia’s LCY bond market continued to expand in the first quarter of 2018 on growth of 4.1% quarter-on-quarter (q-o-q), faster compared with the preceding quarter and the first quarter of 2017. Total LCY outstanding bonds amounted to MYR1,339 billion (USD347 billion) at the end of March, comprising of 53% government bonds and 47% corporate bonds. Both segments propelled the growth of the LCY bond market: outstanding government bonds posted a growth of 4.7% q-o-q and corporate bonds grew 3.5% q-o-q. Sukuk (Islamic bonds) continued to dominate Malaysia’s LCY bond market with a share of 59.4%.
Bursa Malaysia implemented the intraday short-selling (IDSS) framework on 16 April to boost liquidity in the local stock exchange. The measure is part of Bursa Malaysia’s efforts to build a dynamic and vibrant capital market that will further improve flexibility for investors to refine their trading and risk management strategies. The list of approved stocks for IDSS comprises 280 securities and the list will be reviewed every 6 months. Compliance requirements and safeguards will also be put into place that include market controls for IDSS suspensions if a stock price falls more than 15% from the previous day’s closing price or if the gross short-selling volume exceeds the daily maximum limit of 3% of outstanding shares per security.
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