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Avoid Malaysian bonds on worsening economics
May 21, 2012
Upside risks to inflation combined with an increasing fiscal deficit and strong growth prospects mean that unless Greece exits the Euro, Malaysian bonds are a bad investment, says Credit Suisse.
Malaysian bonds are already trading at very tight spreads to the overnight policy rate, and inflation risks combined with a growing fiscal deficit mean that being long Malaysian fixed income offers very little value, says Santitarn Sathirathai, Singapore-based economist at...
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