Tag Archives: malaysian ringgit

Aug 18, 2015

Asia Fixed Income: Weakening Ringgit Triggered Bond Outflow

Malaysian ringgit continued the plunge and hit a 17-year low.  The offshore holding of Malaysia local government debt also fell with the heightening FX volatility and declining FX reserves.  The S&P Malaysia Bond Index dropped 1.27% in August, bringing year-to-date (YTD) total return to 1.66%. Its broader benchmark, S&P Pan Asia Bond Index, aggregates the…

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