Malaysian Government Bonds Gain; Ringgit Heads for Best Week in Two Months

(Bloomberg) -- Malaysia's government bonds rose on
speculation a rebound in the local currency will boost demand
for the nation's debt. The ringgit headed for its biggest weekly
gain in almost two months.

Benchmark three-year notes headed for a weekly gain, ending
two weeks of losses, after demand increased yesterday at a
government sale of Islamic bonds. A stronger ringgit will
deliver additional returns to foreign investors when they
convert the value of their holdings to their local currency.


Read more at Bloomberg Bonds News