Fixed Income Foreign Flows, July 16: Pace of Foreign Flows Sustained

·         EM debt reported USD10.2b foreign inflows in July, slightly higher than USD9.2b in June with EM Asia maintaining its lead as the largest receiver, the IIF estimate.

·         In Malaysia, the foreign holdings of MGS and GII rose to record highs of MYR185.3b/51.9% and MYR24.4b/10.6% with MoM increases of MYR3.2b and MYR2.6b respectively.