Bond Pricing Agency Malaysia CEO Meor Amri Meor Ayob, however, felt interest may be seen in short-term bonds as long-term bonds prices decrease more than short-term bonds in a rising rate environment.
Notwithstanding this, they were significantly lower than the cumulative net foreign inflows of RM25bil from January to May 2021, according to MARC Ratings Bhd. There was a strong pullback in the bond market earlier in the month following the US Federal Reserve’s decision to raise its interest rate by 50 basis points during its policy meeting on May 4.
The central bank decided to raise the overnight policy rate by 25 bps to 2% on May 11, 2022, marking its first interest rate hike since January 2018.
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