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Foreigners trim Malaysian Govt debt holdings
by Cals Thu 10 Oct 2013, 09:00
Published: Thursday October 10, 2013 MYT 12:00:00 AM
Updated: Thursday October 10, 2013 MYT 7:37:41 AM
Foreigners trim Malaysian Govt debt holdings
KUALA LUMPUR: Foreigners trimmed their holdings of Malaysian government bonds for a fourth straight month in August, according to data from Bank Negara.
Their holdings were RM125.51bil (US$39.28bil) at the end of August, compared with RM125.54bil at end-July and a peak of RM144.98bil in April.
Malaysia is among emerging nations that have seen a reduction in foreign holdings of government bonds after chairman Ben Bernanke said in May that the US Federal Reserve intended to start reducing its bond-buying this year.
The lower foreign holdings have been a factor in the weakening of the ringgit. Since Bernanke’s May remarks, the ringgit has shed more than 6% against the US dollar.
At the end of August, foreign holdings of Bank Negara bills and notes fell to RM55.37bil from RM58.81bil in July.
Foreign holdings of government-issued Islamic bonds, or sukuk, fell to RM2.55bil in August from RM2.71bil the previous month. Non-Malaysian holdings of private sector debt rose to RM10.08bil from RM10.03bil. — Reuters
Updated: Thursday October 10, 2013 MYT 7:37:41 AM
Foreigners trim Malaysian Govt debt holdings
KUALA LUMPUR: Foreigners trimmed their holdings of Malaysian government bonds for a fourth straight month in August, according to data from Bank Negara.
Their holdings were RM125.51bil (US$39.28bil) at the end of August, compared with RM125.54bil at end-July and a peak of RM144.98bil in April.
Malaysia is among emerging nations that have seen a reduction in foreign holdings of government bonds after chairman Ben Bernanke said in May that the US Federal Reserve intended to start reducing its bond-buying this year.
The lower foreign holdings have been a factor in the weakening of the ringgit. Since Bernanke’s May remarks, the ringgit has shed more than 6% against the US dollar.
At the end of August, foreign holdings of Bank Negara bills and notes fell to RM55.37bil from RM58.81bil in July.
Foreign holdings of government-issued Islamic bonds, or sukuk, fell to RM2.55bil in August from RM2.71bil the previous month. Non-Malaysian holdings of private sector debt rose to RM10.08bil from RM10.03bil. — Reuters
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