Foreign investors pulled RM5.6 billion out of Malaysia's bond market in July — a sharp reversal from the RM4.9 billion they put in just a month earlier. The selling was concentrated in longer-dated government securities, driven largely by surging US Treasury yields, even as corporate bonds kept attracting foreign money for a fifth straight month. It's a useful reminder of how tightly Malaysian yields and the ringgit are tethered to what happens in Washington. We speak to Woon Khai Jhek, Senior Economist and Vice President of Economic and Sovereign Research at RAM Rating Services, on whether the outflows continue.

Image Credit: Shutterstock

Foreign investors pulled RM5.6 billion out of Malaysia's bond market in July — a sharp reversal from the RM4.9 billion they put in just a month earlier. The selling was concentrated in longer-dated government securities, driven largely by surging US Treasury yields, even as corporate bonds kept attracting foreign money for a fifth straight month. It's a useful reminder of how tightly Malaysian yields and the ringgit are tethered to what happens in Washington. We speak to Woon Khai Jhek, Senior Economist and Vice President of Economic and Sovereign Research at RAM Rating Services, on whether the outflows continue. Image Credit: Shutterstock

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.