Tuesday, May 15, 2007

Malaysian Bonds Gain; Government Says It Isn't Worried by Yield Decline

(Bloomberg) -- Malaysian bonds gained after the government said it has no problem with the nation's currency strength and isn't worried by the plunge in domestic bond yields.

Yields on benchmark three-, five- and 10-year bonds have dropped more than half a percentage point in the past six months, falling below the central bank's overnight lending rate of 3.5 percent since end-March. The ringgit has risen 3.7 percent to 3.4003 against the dollar, near the highest in nine years.


Read more at Bloomberg Bonds News

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