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Malaysian bonds slid after FTSE Russell announced a review of Malaysia's inclusion in its World Government Bond Index, with 10-year yields rising 11 basis points over five days. The ringgit is down more than 1% against the dollar so far this year.
Possible index exclusion would drive foreign bond outflows and keep the ringgit under pressure, raising USD/MYR and the local cost of imported feed inputs.
reuters.comJoseph SipalanAug 23, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
