FW: Fixed Income Foreign Flows, May 18: Outflows amid Policy Uncertainty

 

 

Dear all,

Fixed Income Foreign Flows, May 18: Outflows amid Policy Uncertainty
·         Foreign funds withdrew MYR12.9b from local bonds in May, the largest since Mar 2017, likely due to positions trimming associated with the Election and exaggerated by a risk-off tone in emerging markets.
·         The relative calm in Ringgit suggests that stabilisation measure may be at play.
·         For EM Asia debts, foreign net sell amounted to USD4.5b (Apr: -USD4.8b), according on the IIF, with outflows from Indonesia and India.



Regards,

Winson Phoon, ACA
(65) 6231 5831
winsonphoon@maybank-ke.com.sg
 
Se Tho Mun Yi
(603) 2074 7606
munyi.st@maybank-ib.com

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