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Malaysian government bonds face pressure as Mahathir's plan to scrap the consumption tax and reinstate fuel subsidies threatens efforts to narrow the fiscal deficit. Foreign holdings of government securities had already fallen to a five-month low in April.
The 10-year yield has risen more than 20 basis points this year.
Fiscal slippage and capital outflows could weaken the ringgit and raise borrowing costs, which feeds into currency-driven import costs for Malaysia.
malaymail.comMay 16, 2018Not 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.
