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Monthly Fixed Income Report: November 2024
Dec 02, 2024
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BIX MALAYSIA
MONTHLY FIXED INCOME REPORT: NOVEMBER 2024
Ringgit Bond and Sukuk market stood at RM2.102 trillion in November 2024
The ringgit bond and sukuk market grew by 0.72% in November compared to the previous month. Total outstanding recorded in November 2024 was RM2.102 trillion which increased by 0.72% compared to RM2.087 trillion in October 2024. This growth mainly contributed from government outstanding at 58.09%, followed by quasi government and corporates at 14.83% and 27.07%, respectively. For the first eleven months of 2024, the local bond market shows positive momentum and expanded by RM 0.091 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 November 2024 slightly higher by 0.49% to RM18.41 billion compared to RM18.32 billion in October 2024. The Malaysian Government had no issuances in November compared to RM1.00 billion in the previous month. Bank Negara Malaysia (BNM) recorded issuance of RM0.85 billion in November 2024, increased by 54.54% compared to issuance of RM0.55 billion in the previous month.
Corporate issuance gained by 4.71% to RM17.56 billion in November 2024 compared to RM16.77 billion in October 2024. Non-rated bonds recorded the highest issuance in November with total issuance of RM5.64 billion, up by 126.51% compared to RM2.49 billion in the previous month. Issuances of government guaranteed bonds shows significant reductions by RM 5.54 billion to RM 0.41 billion in November compared to RM 5.95 billion in October.
Malaysian Government Securities (MGS) 3-Year yield decreased to 3.46% in November compared to 3.53% in October 2024. The 10-year MGS closed at 3.81% in November compared to 3.92% in October showing decline by 0.11% or 11bps. Government Investment Issues (GII) 3-Year closed at 3.36% and 3.45% in November and October 2024, respectively, with the yield dropped by 0.09% or 9bps. 10-year GII closed at 3.81% in November, lessened by 0.12% or 12bps compared to 3.93% in October 2024.
3-Year AAA-rated corporate bond and sukuk closed at 3.84% in November compared to 3.80% in October 2024 which increased by 0.04% or 4bps, while the 10-year AAA-rated bond and sukuk closed at 4.06% in November compared to 4.09% in previous month.
END OF REPORT
2nd December 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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