Wednesday, May 9, 2007

Malaysia Bonds Rise on Chance for Interest Rate Cut: World's Biggest Mover

(Bloomberg) -- Malaysian bonds rose, the biggest fluctuation of any government debt market today, on speculation slowing export growth will prompt the central bank to cut interest rates. The ringgit was little changed.

Purchases of Malaysian bonds by foreign investors helped extend a three-month rally, pushing 10-year yields to the lowest since December 2001. Overseas shipments unexpectedly fell 4.3 percent in March from a year earlier, following a 2.8 percent drop in February, the trade ministry said this week.


Read more at Bloomberg Bonds News

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