HALISTER1: Malaysia’s Fiscal Discipline Augurs Well for Bonds, CIMB Says

Malaysia’s Fiscal Discipline Augurs Well for Bonds, CIMB Says

(Bloomberg) -- Malaysia’s efforts at continued fiscal consolidation and diversification of revenues away from energy-related sources are positive for the debt market, says Ray Choy, head treasury strategist at CIMB Bank in Kuala Lumpur.
  • While foreign demand for regional bonds has been largely driven by developments in the U.S., medium-term fundamentals for EM Asia markets including Malaysia, are relatively healthier than rest of the EM complex
  • “Markets are likely to look past the interim volatility and the dust will settle,” says Choy
  • NOTE: Najib Unveils Voter-Friendly Budget Ahead of Election Fight
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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Ray Choy (CIMB Group Holdings Bhd)

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