Fixed Income Foreign Flows_20150609

Fixed Income Foreign Flows, May-15: Net Outflow

·         Total debt securities reported net MoM outflow of MYR7.9b and without surprise it was primarily driven by outflow from discount instruments out of matured BNM notes.

·         MGS's foreign holdings stood steady at MYR158.2b/46.9%; GII shared a similar tone with foreign holdings pretty much unchanged at MYR10.9b/5.3% after April's large one-off gain.

·         Regional countries that we monitor still reported net inflow but the pace of inflow turned narrower in May.