KUALA LUMPUR: Malaysia’s sovereign bonds will rally in the next three months, spurred by demand from local insurers and pension funds, and an accommodative interest-rate policy, according to the nation’s top debt arranger.
The yield on the 10-year notes may fall to as low as 3.85% by July, said Jamzidi Khalid, executive vice-president for global markets at AmBank Group, as purchases by domestic funds help offset a bond sell-off that has seen foreign investors pull more than US$14bil in the last five months. The 10-year yield was at 4.08% yesterday.
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