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Record sukuk yields hamper budget balance

Maybank Islamic Asset Management Sdn predicts that benchmark sukuk yields will rise to 5 per cent

The current central bank governor is due to retire in April, clouding the policy outlook. Analysts say that the market is anxiously waiting for the announcement of who the next governor will be and the opportunity to gauge his or her hawkishness.

Kuala Lumpur

MALAYSIAN Prime Minister Najib Razak's goal of reining in the budget deficit looks set to get tougher as a unit of the nation's biggest lender predicts that borrowing costs on Islamic bonds will climb to a record.

Maybank Islamic Asset Management Sdn said that...