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Monthly Fixed Income Report: April 2024
May 02, 2024
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BIX MALAYSIA
MONTHLY FIXED INCOME REPORT: APRIL 2024
Ringgit Bond and Sukuk market stood at RM2.055 trillion in April 2024
The ringgit bond and sukuk market grew by 0.49% in April compared to the previous month. Total outstanding recorded in April 2024 was RM2.055 trillion which increased by 0.49% compared to RM2.045 trillion in March 2024. This growth mainly contributed from government outstanding at 58.30%, followed by quasi government and corporates at 16.94% and 24.76%, respectively. For the first four months of 2024, the local bond market shows positive momentum by growing RM0.044 trillion compared to last year, where ringgit bond and sukuk market outstanding totalling amount of RM2.011 trillion as at end December 2023.
Total issuance for ringgit bond and sukuk in April 2024 declined by 19.24% to RM30.42 billion compared to RM37.67 billion in March 2024. Government ringgit bond and sukuk issuance down by 16.90% to RM16.95 billion in April 2024 compared to RM20.40 billion in the previous month. Bank Negara Malaysia (BNM) recorded issuance of RM6.45 billion in April 2024, lower by 55.21% compared to an issuance of RM14.40 billion in the previous month.
Corporate issuance declined by 22.00% to RM13.47 billion in April 2024 compared to RM17.27 billion in March 2024. Government Guaranteed bonds recorded the highest issuance in April with total issuance of RM4.75 billion, an increase of 97.92% compared to RM2.40 billion in the previous month.
Malaysian Government Securities (MGS) 3-Year closed higher at 3.61% in April compared to 3.50% in March 2024. The 10-year MGS closed at 3.98% in April compared to 3.85% in March, showing increment by 0.13% or 13bps. Government Investment Issues (GII) 3-Year closed at 3.60% in April and at 3.44% in March 2024 showing an increase of 0.16% or 16bps. 10-year GII also increased to 3.99% in April, up by 0.14% or 14bps compared to 3.85% in March 2024.
3-Year AAA-rated corporate bond and sukuk closed at 3.83% in April compared to 3.72% March 2024 showing an increase of 0.11% or 11bps, while the 10-year AAA-rated bond and sukuk closed at 4.17% in April compared to 4.06% in the previous month which grew by 11bps.
END OF REPORT
2nd May 2024
The information contained in this report is prepared from data believed to be correct and reliable at the time of issuance of this report. While every effort is made to ensure the information is up-to-date and correct, Bond and Sukuk Information Platform Sdn Bhd (“the Company”) does not make any guarantee, representation or warranty, express or implied, as to the adequacy, accuracy, completeness, reliability or fairness of any such information contained in this report and accordingly, neither the Company nor any of its affiliates nor its related persons shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof.
(201701039928) (1254101-K)
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