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Monthly Fixed Income Report: August 2024
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BIX MALAYSIA
MONTHLY FIXED INCOME REPORT: AUGUST 2024
Ringgit Bond and Sukuk market stood at RM2.079 trillion in August 2024
The ringgit bond and sukuk market grew by 0.34% in August compared to the previous month. Total outstanding recorded in August 2024 was RM2.079 trillion which increased by 0.34% compared to RM2.072 trillion in July 2024. This growth mainly contributed from government outstanding at 58.13%, followed by quasi government and corporates at 16.64% and 25.23%, respectively. For the first eight months of 2024, the local bond market shows positive momentum and expanded by RM0.068 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 August 2024 declined by 47.04% to RM11.53 billion compared to RM21.77 billion in July 2024. The Malaysian Government had no issuance in August after issuance of RM1.70 billion in the previous month. Bank Negara Malaysia (BNM) recorded issuance of RM0.80 billion in August 2024, increased by 14.29% compared to issuance of RM0.70 billion in the previous month.
Corporate issuance dropped by 42.55% to RM11.53 billion in August 2024 compared to RM20.07 billion in July 2024. AAA-rated bonds recorded the highest issuance in August with total issuance of RM3.09 billion, lessened by 18.47% compared to RM3.79 billion in the previous month.
Malaysian Government Securities (MGS) 3-Year remain unchanged at 3.35% in July and August 2024. The 10-year MGS closed at 3.76% in August compared to 3.72% in July showing rise of 0.04% or 4bps. Government Investment Issues (GII) 3-Year closed at 3.32% and 3.34% in August and July 2024, respectively, with yield declined by 0.02% or 2bps. 10-year GII closed at 3.78% in August, increased by 0.05% or 5bps compared to 3.73% in July 2024.
3-Year AAA-rated corporate bond and sukuk closed at 3.74% in August compared to 3.73% in July 2024 which slightly increased by 0.01% or 1bps, while the 10-year AAA-rated bond and sukuk closed at 3.96% in August compared to 3.97% in the previous month which is down by 1bps.
END OF REPORT
2nd September 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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