MGS yields climb to 3.915% as fund managers weigh redeploying cash
Yields on Malaysian Government Securities have risen over the past year, with the benchmark 10-year MGS at 3.915% on Sept 3 against about 3.421% a year earlier. Fund managers say the higher yields may open opportunities for fixed-income investors but are staying cautious, holding cash in case the bond market corrects further. Bank Negara Malaysia kept the OPR at 2.75% last Thursday.