As per BNM website, there is no trading for 10 yrs MGS today with last traded yield @ 4.30%
Is tis normal?

i wud think so.

look the dollar index, been spiking.
now at a level not seen since 2003:
http://www.investing.com/quotes/us-dollar-index

bad bad for those short on $ in fx trading in the last hour.

can't imagine what happens if:

.. $ index keeps climbing
.. bnm burns most reserves
.. opec fails on nov 30, oil goes <40 again

kangkung is cheap... no worries about USD

Even this guy stopped posting since the middle of last year.

I have to wonder how he thinks of the current colossal fuckup.

ya, miss him... i liked his analyses, one of the more truthful and insightful ones.

Do you know any other M'sia-centric financial analysts that I can look up?

This post has been edited by Parrot: Nov 23 2016, 10:52 PM

Based on the latest intl reserves, BNM doesn't seems to utilize the same to support MYR

Quote from Bloomberg:-

Malaysia’s ringgit fell 0.5 percent against the dollar, declining for an 11th day in the longest losing streak since December 2013 even as the central bank said it will continue providing liquidity for an orderly currency market. Bank Negara Malaysia held its overnight policy rate at 3 percent, a sign that policy makers have shifted their focus from spurring economic growth to supporting the ringgit.

The last line with underline keeps me worry

actually, no.

he was the only local one i that i always read.

the rest are nowhere like him.

worst are the gomen linked bankers/analysts.

these days, i read mainly bloomberg but are mostly more general and wider topics.

really too bad..

his research is quite good..

Oh well. Bloomberg really is the only best option atm.

They are pretty heavy in coverage towards the big-hitting markets though. Not a lot of it is going to be much help here.

with mo1 and rm crashing, there are a couple of articles on msia every week these days.

can also read wsj and financial times.

Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum
http://www.cnbc.com/2016/11/21/why-malaysi...mp-tantrum.html

malaysia struggles to curb ringgits slide
http://www.wsj.com/articles/malaysia-strug...lide-1479803968

I found a lot mainstream online financial news sites a little constricting given their even narrower angle of issues abroad, especially with political affairs connected to financial decision making. The current situation here is the result of a combination of bad decisions that can't be nailed down in very simple points.

Also, I forgot why I hated the WSJ. It's a paywalled website where I can only read the first few lines of the article.

This post has been edited by Parrot: Nov 23 2016, 11:59 PM

maybe not!

the trick is use google.

for that article, google "ringgit wsj", u will find it, all good.

eh just now I got full access... now already blocked

edit:

just google "malaysia struggles to curb ringgits slide". bingo full access

This post has been edited by nexona88: Nov 24 2016, 12:00 AM

This is proving to be difficult.

I usually rely on Google caches to bypass paywalls, but the WSJ seems to have ordered Google not to cache their recent article. Also, it's much harder to trace websites that copy the article's content verbatim, because most that do mirror the article's content simply link to the WSJ anyway.

I'm going to pass this moneygrabbing site for a while.

EDIT: What a second. For some reason that WSJ article suddenly granted me access. This is one spastic paywall. The article is also echoing what I've already read.

This post has been edited by Parrot: Nov 24 2016, 12:16 AM

Foreigners own a little more than half of Malaysia’s government bond market, according to data from HSBC.
http://www.wsj.com/articles/malaysia-strug...lide-1479803968

This is revealing.

Guess liquidity in mgs will be an important indicator on myr movement.

This post has been edited by icemanfx: Nov 24 2016, 12:19 AM

imagine all those foreigners withdraw..

GG lor