PETALING JAYA: Although foreign holdings of Malaysian government bonds, known as govvies, saw a surge in October for the first time in three months, it does not seem to excite bond analysts and economists.
Many are neutral on the outlook for foreign flows into the local debt market for the rest of this year due to external headwinds like the US Fed’s aggressive stance on rate hikes, strengthening of the greenback, the continuing US-China trade war and falling global oil prices.
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