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ING says the sell-off in Malaysian government bonds and the ringgit is overdone and keeps its end-2019 USD/MYR forecast at 4.05. The selling followed FTSE Russell's warning that Malaysian debt may be excluded from its World Government Bond Index, and Norway's sovereign fund cutting its holdings.
The bond-index risk is a currency and fixed-income story with little direct link to feed grain or meal prices.
think.ing.comApr 18, 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.
