Thursday, June 28, 2007

Malaysian Government Bonds Extend Rally on Offshore Demand; Ringgit Gains

(Bloomberg) -- Malaysian bonds rose on speculation
the ringgit will extend gains from a one-week high, boosting
overseas demand for local-currency debt.

Five-year yields dropped to the lowest in three weeks after
an auction of June 2012 notes yesterday attracted the most demand
in at least seven years. Government bonds have returned 0.9
percent this quarter, the third-best in Southeast Asia after
Indonesia and Thailand, according to indexes compiled by HSBC
Holdings Plc.


Read more at Bloomberg Bonds News

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