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Worse to come in Malaysia dollar debt

Market sentiment affected by political noise around 1MDB, trade pressure, current account and fiscal position
Wednesday, March 11, 2015 - 05:50

The ringgit slid to a six-year low versus the dollar on Monday after US jobs data hardened speculation the Federal Reserve will lift interest rates by the end of June 2.


MALAYSIAN company dollar bonds are Asia's poorest performing this year and investors say that worse is to come.

Notes from the oil-exporting nation are the only of the 16 Asian countries tracked by JPMorgan Chase & Co to decline this year, losing 1.57 per cent.

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