This was due to the fact that regional local currency debts offered both yields and relative safety. theSun theSundaily ringgit Currency Malaysia business debts Bonds
in over a year following bank failures and aversion to credit risk in the United States and Europe, said Maybank Investment Bank Group Research .
In a note today, the research firm said this was due to the fact that regional local currency debts offered both yields and relative safety. “Inflows accelerated to RM6.6 billion in March compared with RM4.3 billion in February, broadly in line with the regional trend as ringgit bonds outperformed Asean peers,“ it said.
According to Maybank IB Research, the foreign shares of Malaysia Government Securities rose to 36 per cent in March from 34.5 per cent in February. Additionally, the MGS+GII also grew by 23.1 per cent in March from 22.4 per cent in February. - Bernama
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