# Mahathir is ramping up pressure on Malaysian bonds | Malay Mail

> 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.

- Date: 2018-05-16 · published 2018-05-16T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65283-mahathir-is-ramping-up-pressure-on-malaysian-bonds-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Fiscal slippage and capital outflows could weaken the ringgit and raise borrowing costs, which feeds into currency-driven import costs for Malaysia.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2018/05/16/mahathir-is-ramping-up-pressure-on-malaysian-bonds/1631614

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.