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Monthly Fixed Income Report: April 2025
May 05, 2025
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BIX MALAYSIA
MONTHLY FIXED INCOME REPORT: APRIL 2025
Ringgit Bond and Sukuk market stood at RM2.165 trillion in April 2025
The Malaysian ringgit bond and sukuk market grew by 0.93% month-on-month (MoM) in April 2025, with total outstanding rising to RM2.165 trillion from RM2.145 trillion in March. Government issuances dominated the market at 58.33%, followed by quasi-government (16.52%) and corporate (25.15%) segments. On a year-to-date basis, the market expanded by RM65 billion (3.10% growth) compared to December 2024, when outstanding stood at RM2.10 trillion, reflecting sustained positive momentum in 2025.
Total issuance in Malaysia's ringgit bond and sukuk market declined by 7.99% month-on-month (MoM) to RM24.88 billion in April 2025, down from RM27.04 billion in March. Government of Malaysia issuances rose sharply to RM6.50 billion (up 333% from RM1.50 billion in March), while Bank Negara Malaysia (BNM) issuances fell by 78.57% to RM0.30 billion (from RM1.40 billion).
Corporate issuances contracted by 25.10% to RM18.08 billion (from RM24.14 billion), though Government Guaranteed bonds saw a 5.71% increase to RM5.55 billion (from RM5.25 billion), marking the highest issuance segment for the month.
In April 2025, Malaysian fixed income yields saw broad-based declines across tenors and instruments. The 3-year MGS yield fell 12 basis points (bps) to 3.26% (March: 3.38%), while the 10-year MGS dropped 11bps to 3.66% (March: 3.77%). Similarly, GII yields decreased, with the 3-year tenor declining 19bps to 3.32% (March: 3.51%) and the 10-year GII falling 16bps to 3.62% (March: 3.78%).
Corporate yields also softened, as the 3-year AAA-rated bond and sukuk yield eased 7bps to 3.66% (March: 3.73%) and the 10-year AAA-rated yield declined 5bps to 3.86% (March: 3.91%), reflecting a general downward yield trend across the market.
END OF REPORT
5th May 2025
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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