Bearish stance on bonds and currency

MALAYSIA’S government bonds and the ringgit continued to weaken on a weekly basis.

The past week in global financial markets was marked by a number of important central banks’ monetary policy meetings. Of these, the most being looked at was the US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) meeting to decide on the US monetary policy, and of which the result triggered a bearish stance on Malaysia’s bonds and currency.