HALISTER1: Malaysian Budget Impact on Bond Inflow Seen Neutral: Maybank

Malaysian Budget Impact on Bond Inflow Seen Neutral: Maybank

(Bloomberg) -- Malaysia’s budget is “marginally positive” with expectations for resilient growth, moderation in inflation and continued fiscal discipline, says Winson Phoon, a fixed-income analyst at Maybank Investment Bank in Kuala Lumpur.
  • Govt still needs to step up its fiscal consolidation efforts in order to achieve its target of a near-balanced budget by 2020
  • “There will be neutral impact on foreign demand for Malaysian government bonds,” says Phoon
  • NOTE: Najib Unveils Voter-Friendly Budget Ahead of Election Fight
  • NOTE: 10-year yield up 6bps at 4.06%, unchanged from before economic forecasts were announced
To contact the reporter on this story: Liau Y-Sing in Kuala Lumpur at yliau@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Patricia Lui

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Source: BFW (Bloomberg First Word)

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Winson Phoon (Maybank Investment Bank Bhd)

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