Don't Mind Please

Total AUM in the fund management industry in Malaysia reaches a new record high of RM1.14 trillion in 2025 That's a growth of about 7% from 2024, a year which AUM grew almost 10%. See chart for more info.

What fund managers in Malaysia have been doing in the past 2 years? Here is the data from The Edge Weekly. Comparing 2025 and 2024, fund managers had allocated more funds to Fixed Income (aka bonds), more funds to money market... While reducing allocations to stocks, unit trusts. Interestingly, fund managers in Malaysia allocated more funds to the Others category.

*HEINEKEN MALAYSIA 1Q NET INCOME 104.5M RINGGIT, -14% Y/Y *HEINEKEN MALAYSIA 1Q REV. 664.2M RINGGIT, -13% Y/Y *TSH RESOURCES 1Q REV. 205.2M RINGGIT, -25% Y/Y *TSH RESOURCES 1Q NET INCOME 21.3M RINGGIT, -56% Y/Y

USD bonds weakened further. USD Credit Market week to date as of 20-May-2026 (Wednesday): Changes week to date - USD O/N SOFR @ 3.53% (-2bps) - 5Y USD SOFR SWAP @ 4.04% (+7bps) - 2Y UST @ 4.12% (+5bps) - 5Y UST @ 4.33% (+7bps) - 10Y UST @ 4.67% (+8bps) - 30Y UST @ 5.18%

AUD Credit Market week to date as of 20-May-2026 (Wednesday): Changes week to date - 3mBBSW @ 4.45% (+1bps) - 2Y ACGB @ 4.72% (-3bps) - 5Y ACGB @ 4.75% (-2bps) - 10Y ACGB @ 5.09% (+2bps) - 30Y ACGB @ 5.51% (+1bps)

Ringgit Bonds on Tuesday (19/5): Table 1: End of the day levels. Table 2: Changes in the day - MYR IRS gained 1-4bps, led by 7y. - Govvies yields gained 1-3bps. - GG/Rated corp yields slipped 1bps.

*SPORTS TOTO 3Q NET INCOME 59.1M RINGGIT, -44% Y/Y *SPORTS TOTO 3Q REV. 1.52B RINGGIT, -21% Y/Y *SUNWAY CONSTRUCTION 1Q NET INCOME 118.4M RINGGIT, +56% Y/Y *SUNWAY CONSTRUCTION 1Q REV. 1.02B RINGGIT, -27% Y/Y *KLK 2Q NET INCOME 294.0M RINGGIT, +91% Y/Y *KLK 2Q REV. 6.55B RINGGIT, +3.3% Y/Y

USD Credit Market week to date as of 19-May-2026 (Tuesday): Changes week to date - USD O/N SOFR @ 3.55% (unch) - 5Y USD SOFR SWAP @ 3.96% (-1bps) - 2Y UST @ 4.04% (-3bps) - 5Y UST @ 4.24% (-2bps) - 10Y UST @ 4.59% (unch) - 30Y UST @ 5.12% (unch)

AUD Credit Market week to date as of 19-May-2026 (Tuesday): Changes week to date - 3mBBSW @ 4.44% (unch) - 2Y ACGB @ 4.71% (-4bps) - 5Y ACGB @ 4.74% (-3bps) - 10Y ACGB @ 5.06% (-1bps) - 30Y ACGB @ 5.48% (-2bps)

Ringgit Bonds on Monday (18/5): Table 1: End of the day levels Table 2: Changes in the day. - MYR IRS/Govvies/GG/Caga yields increased 2-4bps. - Rated corp yyields gained 1bps across the board

Fun facts: FIFA curse In 6 of the past nine FIFA World Cups, they coincided with global financial crises (somewhere, somehow). 1998年（跌1%）、 2002年（跌45%）、 2006年（跌39%）、 2010年（跌15%）、 2014年（跌31%）及 2018年（跌19%） This year is FIFA year orientaldaily.com.my/news/business/…

*WHO DECLARES GLOBAL EMERGENCY OVER RARE EBOLA STRAIN

*IJM SAYS ANTI-GRAFT AGENCY ENDED PROBE ON CHAIRMAN KRISHNAN TAN *IJM: MACC PROBE ON CHAIRMAN CLASSIFIED AS 'NO FURTHER ACTION'

*IHH HEALTHCARE, DBS SIGN S$250M SUSTAINABILITY-LINKED LOAN

*WESTPORTS 1Q REV. 896.3M RINGGIT, +44% Y/Y *WESTPORTS 1Q NET INCOME 326.5M RINGGIT, +47% Y/Y

gigantic jump in USD bond yields as bonds rout. USD Credit Market week to date as of 18-May-2026 (Monday): Changes week to date - USD O/N SOFR @ 3.56% (-4bps) - 5Y USD SOFR SWAP @ 3.97% (+24bps) - 2Y UST @ 4.07% (+18bps) - 5Y UST @ 4.26% (+26bps) - 10Y UST @ 4.59%

big jump in AUD bond yields. AUD Credit Market week to date as of 18-May-2026 (Monday): Changes week to date - 3mBBSW @ 4.44% (unch) - 2Y ACGB @ 4.77% (+8bps) - 5Y ACGB @ 4.8% (+11bps) - 10Y ACGB @ 5.12% (+13bps) - 30Y ACGB @ 5.54% (+12bps)

Ringgit Bonds on Friday (14/5): Table 1: End of the day levels. Table 2: Changes in the day. - MYR IRS added 2-3bps. - Govvies yields added 1-6bps, led by 15y MGS.

If you forget everything about Mr Market, don’t forget this: SELL IN MAY AND GO AWAY

The two-year US Treasury yields moved in lockstep with shifting oil prices as market volatility intensified. Last week, a massive bond selloff pushed those 2Y UST yields significantly higher, ultimately landing them at 4.08%. Further down the curve, the 10Y Treasury yields ended the week at 4.60%, crossing a threshold where many investors historically believe that something in the financial system will break. Meanwhile, the 30Y Treasury yields surged even higher to sit above 5.10%. Together, these dramatic movements suggest that investors are aggressively unwinding their positions across the board. This rapid shift in the markets will serve as an immediate and formidable test for the new Federal Reserve Chair, Kevin Warsh.