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Monthly Fixed Income Report: October 2024
Nov 01, 2024
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BIX MALAYSIA
MONTHLY FIXED INCOME REPORT: OCTOBER 2024
Ringgit Bond and Sukuk market stood at RM2.087 trillion in October 2024
The ringgit bond and sukuk market grew by 0.24% in October compared to the previous month. Total outstanding recorded in October 2024 was RM2.087 trillion which increased by 0.24% compared to RM2.082 trillion in September 2024. This growth mainly contributed from government outstanding at 58.11%, followed by quasi government and corporates at 16.33% and 25.55%, respectively. For the first ten months of 2024, the local bond market shows positive momentum and expanded by RM0.076 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 October 2024 lowered by 18.47% to RM18.32 billion compared to RM22.47 billion in September 2024. The Malaysian Government had RM1.00 billion of issuances in October compared to RM3.00 billion in the previous month. Bank Negara Malaysia (BNM) recorded issuance of RM0.55 billion in October 2024, decreased by 63.33% compared to issuance of RM1.50 billion in the previous month.
Corporate issuance reduced by 6.68% to RM16.77 billion in October 2024 compared to RM17.97 billion in September 2024. Government Guaranteed rated bonds recorded the highest issuance in October with total issuance of RM5.95 billion, up by 495.00% compared to RM1.00 billion in the previous month.
Malaysian Government Securities (MGS) 3-Year increased to 3.53% in October compared to 3.33% in September 2024. The 10-year MGS closed at 3.92% in October compared to 3.71% in September showing expanded by 0.21% or 21bps. Government Investment Issues (GII) 3-Year closed at 3.45% and 3.31% in October and September 2024, respectively, with yield up by 0.14% or 14bps. 10-year GII closed at 3.93% in October, spiked by 0.18% or 18bps compared to 3.75% in September 2024.
3-Year AAA-rated corporate bond and sukuk closed at 3.80% in October compared to 3.73% in September 2024 which surged by 0.07% or 7bps, while the 10-year AAA-rated bond and sukuk closed at 4.09% compared to 3.96% in September and previous month.
END OF REPORT
1st November 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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