SINGAPORE: The yield on Malaysia’s November 2027 debt climbed 10 basis points to 4.167% after 10-year Treasury yield rose 5bps on Friday.
That would be the biggest increase in Malaysia's 10-year yields since December 2016 on a closing basis, based on central bank data
Liquidity was thin based on Electronic Trading Platform data, says Lawrence Lai, the Asia rates and flow strategist at Standard Chartered Bank
Investors could be making adjustments due to coming supply.
Standard Chartered isn’t bearish and still likes 10-year securities.
Issuance in the pipeline in April and May include 2028 Islamic bonds, 2033 securities and reopened 2028 debt, according to Bloomberg data. - Bloomberg