palm oil

I remember the price of palm oil went up during the crisis of 1998 when the MYR was trending down agst the USD.... Hope my memory is still sound

I think we all are going to hear this remark from the gomen "This time is different". The reality is that this time is no different from last time.
Maybe we would experience a bloodbath in the markets tomorrow

I am downloading the chart now

If it happens like Rupiah & Indian Rupees, BNM would be forced to raised interest rates which would result in the fall in bond prices in order to make up the yield.

From Business Times today,
"The government sold RM4.5 billion of 2020 securities today at 3.889 per cent, according to data published on the central bank’s website. Demand exceeded the amount on offer by 1.91 times.

The ringgit was little changed at 3.2253 per dollar in Kuala Lumpur, compared with 3.2260 yesterday, according to data compiled by Bloomberg. It earlier fell as much as 0.4 per cent to 3.2379, the weakest level since July 2010. The currency lost two per cent in July and 5.2 per cent this year."

Maybe, the bloodbath could be averted.

unworkable. Even in 1998, the implementation of capital controls coincided with the Fed lowering US interest rates. World markets rose in response to the move. The S.Korean Won rallied on the news. The move renders capital controls unnecessary.
Dr M claimed victory which never was. The crisis in M'sia is due to its failed economic policies and not Soros which to this day the government of the day did not want to ackowledge.

All these are well documented today and you can find books on this subject.

Probably, investors will demand higher yields.

The writing is on the wall all this while. Jim Rogers said it nicely: "Asean investors should beware of currency volatility".
It does not need to go over 55% of debt to trigger a downturn. Once you are near the red line, investors may just sell off their investment well before you cross the red line as it is less risky.