Monthly Fixed Income Report: April 2026

May 04, 2026

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BIX MALAYSIA

MONTHLY FIXED INCOME REPORT: APRIL 2026

Ringgit Bond and Sukuk Market Stood at RM2.310 trillion Outstanding

The Malaysian ringgit bond and sukuk market posted a resilient performance in April 2026, reaching an all-time high of RM2.310 trillion in total outstanding issuances. This represented a month-on-month (MoM) increase of 0.83%, or RM19 billion, up from the RM2.291 trillion recorded in March 2026. The continued upward trajectory underscores the market’s steady growth momentum, with year-to-date (YTD) expansion registering a healthy 2.39% from the RM2.256 trillion outstanding at end-2025.

From a structural perspective, government issuances remained the market’s cornerstone, accounting for a dominant 57.64% share of total outstandings. The corporate segment provided further reinforcement with a substantial 25.88% stake, while quasi-government entities contributed a notable 16.48%. This diversified and resilient composition reflects sustained investor confidence in Malaysia’s fixed-income landscape, highlighting the market’s capacity to attract consistent capital and maintain stability amid evolving broader economic conditions.
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Apr26 - Outstanding Amount by Class in March 26 vs April 26

April 2026 marked a dynamic shift in the Malaysian bond and sukuk market, characterized by a notable adjustment in new issuance activity alongside the sector’s continued expansion. Total monthly issuances registered a slight decline of 2.23% month-on-month (MoM), easing to RM36.81 billion from RM37.65 billion in the previous month.

Government of Malaysia recorded RM16 billion new issuances in April 2026 compared to RM14.50 billion in previous month. Meanwhile, government-guaranteed issuances made a reappearance in April 2026, recording RM2 billion in new issuances after no issuances in March 2026.

Malaysian Government Securities (MGS) recorded a downward trend in yields during April 2026. The 3-year MGS yield closed at 3.19%, declining by 7 basis points (bps) from 3.26% in March 2026. Long-term yields followed suit, with the benchmark 10-year MGS yield decreasing by 8 bps closed at 3.55%, compared to 3.63% in the previous month.

A similar pattern emerged in the Government Investment Issue (GII) segment, where yields also moved lower. The 3-year GII yield fell by 3 bps to 3.19% in April 2026, down from 3.22% in March 2026, while the 10-year GII yield declined by 7 bps to 3.56% from 3.63% recorded a month earlier.

In the corporate bond segment, performance was mixed. The yield on 3-year AAA-rated corporate bonds edged down by 1 bp to 3.60%, compared to 3.61% in the prior month. Conversely, 10-year AAA-rated corporate bond yield ticked up by 1 bp to 3.90%, rising from 3.89% in March 2026.

END OF REPORT
4th May 2026

- This announcement is available at BIX Malaysia website (www.bixmalaysia.com) –

DISCLAIMER

The information provided in this report is of a general nature and has been prepared for information purposes only. It is not intended to constitute research or as advice for any investor. The information in this report is not and should not be construed or considered as an offer, recommendation, or solicitation for investments. Investors are advised to make their own independent evaluation of the information contained in this report, consider their own individual investment objectives, financial situation and particular needs, and should seek appropriate personalised financial advice from a qualified professional to suit individual circumstances and risk profile.

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.

BIX ARTICLE

Monthly Fixed Income Report: April 2026

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