Malaysia’s energy-exporter status supports sovereign bonds, analysts say
Malaysia’s position as a net energy exporter is supporting the appeal of its sovereign debt, analysts told Bloomberg. Maybank Securities’ Winson Phoon said Malaysian bonds were better positioned than Southeast Asian peers if oil prices remained elevated, citing energy and electronics exports as support for fiscal and external balances. A Bloomberg index of Malaysian sovereign bond returns has gained 0.2% this year, outperforming Thailand, Indonesia and the Philippines.