Friday, July 6, 2007

Malaysian Bonds Fell as Low Yields Dent Investor Demand; Ringgit Weakens

(Bloomberg) -- Malaysian bonds headed for the
biggest weekly decline in a month on speculation yields below
the nation's benchmark interest rate will deter buying. The
ringgit fell for a second day.

Bank Negara Malaysia Governor Zeti Akhtar Aziz on July 2
said domestic interest rates remained appropriate, suggesting it
will likely keep its overnight lending rate unchanged at 3.5
percent later this month.


Read more at Bloomberg Bonds News

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