that will surely have major impact.

is there any news report on this?

end of yesterday, 10 yr closed 4.18%, improved from 4.22%.
http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield

we'll know tmrw from the data and other reports if there was accelerated selling of mgs today.

looks likely since bursa saw heavy selling too.
4.10 breached, what's next level... 4.20?

i think by wed, some major banks would hv made some reasonable forecasts.

daily mgs yield data and bursa activity might lend some clue to the direction and pace.
the problem is with confidence. over the weeks and months, there hasn't been any concrete move to combat the fall. a couple of ministers have simply said "it's all due to external", and all the absentee fin minister said was "excessive politics". how about doing something like immediate suspension of certain spending or repatriation of some gomen owned foreign assets? it's almost like saying "ya, it's like that, can't do nothing"!

bnm may be intervening but the fact that it has declared to the world there will be no peg, there will be no capital controls does seem to hint that the gomen is all ready and willing to let it slide to whatever level necessary. if that is correct, the rm will likely slide quite a bit more as just about everything is still working against it - sustained falling oil and gas prices, pressure from devalued rmb, worsening scandal politics. the only thing that might perk the rm up is the us fed hints strongly in next sep meeting that a planned rate hike is put on hold.

imo, it's still all looking very dark and gloomy...

Gomen budget is in myr, petronas income is in US$, a drop in myr will help the gomen to reduce budget deficit. In a way, myr depreciation is intended.

Bnm could rise interest rate to stabilize myr Forex rate and curd inflation rate. Until bnm rise interest rate, expect myr to depreciate further.

2) Remember the Titanic.  It was sunk.

Ya,

SGD/MYR 2.9078 , noon time was 2.92+

Be FEARFUL when others were greedy.

What goes down must come up.. Lock yr profits ??

rm  now 4.105.
wti now 41.30 and still falling.
rm lose 1% or more tmrw is likely.
if wti falls further, fx reserves ugly on fri, we know what to expect...

Not something new, it has been talked for months and already highly anticipated by the market, that's the reason why USD having so much strength across all currencies.

Financial market already work in the form of "buy on rumour, sell on news" basic one.
It is better for Fed to actually raise the rate, instead of so much talk that has been affecting the market sentiment greatly, be it forex or stock market.

Take the bite and move forward, instead keep on playing guessing game.