Bonds

Is Malaysia’s ringgit under attack?

It was a one-two punch that’s turned the Malaysian ringgit into Asia’s worst performer this month.FTSE Russell said Monday it may drop Malaysian debt from the FTSE World Government Bond Index because of concern about market liquidity, roiling the nation’s currency and bonds on Tuesday.

17 April 2019
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Bank Indonesia's governor wasting no time on rate hikes

Indonesia’s new central bank governor is putting his stamp of authority on his role, calling an unscheduled policy meeting for Wednesday and setting the stage for a second interest rate increase in two weeks to stem a rout in the currency.A day after Governor Perry Warjiyo was sworn into office, Bank Indonesia announced that the monetary policy board will meet this week, about a month before its next regular monthly scheduled one.

28 May 2018
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Alibaba draws $46B demand for $7 bond sale

Alibaba Group Holding Ltd. sold 7 billion dollar bonds Wednesday in a deal that investors clamoured for, ordering more than six times as many securities as were for sale.The deal eclipsed China Evergrande Group’s 6.6 billion dollar offering in June to become the biggest sale in Asia from a non-bank issuer, according to data compiled by Bloomberg. Eager investors were already flipping the bonds in the after market late Wednesday in New York.

30 November 2017
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Malaysian bonds at crossroads as budget looms

A nascent recovery in Malaysian bond inflows is set to depend on whether Prime Minister Najib Razak will be able to shrink the fiscal deficit while appealing to voters in an expected election budget.Najib will be able to count on higher revenue from a consumption tax and a recovery in crude prices, giving him room to commit to a balanced budget that would spur Malaysia’s bonds to outperform, according to Investec Asset Management.

25 October 2017
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Jokowi sees low inflation laying ground for rate cuts

Indonesia’s success in taming consumer prices provides room for lower interest rates, President Joko Widodo said, while making it clear that it was the job of the central bank to determine whether to cut.Inflation will average less than four percent this year, down from more than eight percent in 2014 when he took office, Widodo – also known as Jokowi – said in an interview at Huta Ginjang, overlooking the picturesque Lake Toba, where he had been to open a newly upgraded airport nearby.

17 October 2017
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