ringgit
Malaysia’s bonds have been the star performers in emerging Asia this quarter thanks to a succession of interest-rate cuts. Stubborn deflation and a shrinking economy mean there may be more to come.
Traders are betting Bank Negara Malaysia will lower borrowing costs for a fifth straight meeting in September after reducing its benchmark by a combined 125 basis points this year. Other positives powering the bond rally include a surge in foreign inflows and among the highest real yields in the region.
