September 22, 2020
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||1.847||▼ 0.3||▼ 0.4||▼ 115.9|
|5 Year||2.192||▲ 0.2||▲ 4.7||▼ 98.7|
|10 Year||2.666||▼ 0.5||▲ 4.9||▼ 64.7|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|MYR per USD||4.133||▼ 0.2||▲ 0.0||▼ 1.0|
|MYR per JPY||0.039||▲ 0.0||▼ 0.5||▼ 4.6|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D KLIBOR||1.700||▼ 1.0||▼ 1.0||▼ 130.0|
|3M KLIBOR||1.970||0.0||0.0||▼ 138.0|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Overnight Policy Rate||1.750||0.0||▼ 125.0|
* 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.
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 previous issues PDF|
Movements in local currency (LCY) government bond yields in Malaysia were mixed between 28 February and 15 May. Yields of shorter-term tenors (from 1 month to 7 years) decreased an average of 34 basis points (bps), driven by Bank Negara Malaysia's overnight policy rate cuts to enhance liquidity amid the economic fallout from the coronavirus disease (COVID-19). On the other hand, yields of longer-term tenors (from 8 years to 30 years) increased an average of 11 bps, reflecting investors' flight to safety amid an uncertain economic outlook. The yield spread between 2-year and 10-year government bonds expanded from 22 bps to 67 bps during the review period.
The LCY bond market of Malaysia expanded 2.9% quarter-on-quarter (q-o-q) in the first quarter 2020, reaching a size of MYR1,527.8 billion (USD353.7 billion), supported by expansions in LCY government and corporate bonds. The LCY government bond market grew 3.9% q-o-q as outstanding central government bonds and central bank bills increased. Meanwhile, LCY corporate bonds outstanding jumped 1.7% q-o-q. Total outstanding Islamic bonds at the end of the review period grew 3.1% q-o-q.
On 19 March, Bank Negara Malaysia decreased the statutory reserve requirement ratio from 3.0% to 2.0% in order to enhance the liquidity of Malaysia's banking system amid the COVID-19 pandemic. The move allowed principal dealers to include Malaysian Government Securities and Government Investment Issues in the computation of their reserves. On 5 May, the regulation was expanded to include all banking institutions.
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