<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 13): Malaysia’s 20-year Islamic bond auction on Thursday drew strong demand amid bets the government will unveil a fiscally-prudent budget this month, according to Ray Choy, head treasury strategist at CIMB Bank.</p></div>

<div class=newsTextDataWrapInner><p>* “Expectations appear to be building up for a positive financial government report card in the upcoming budget announcement,” Kuala Lumpur-based Choy says. “The fiscal deficit is expected to continue consolidating to a healthier level for 2017-2018”</p></div>

<div class=newsTextDataWrapInner><p>* Demand for bonds was also aided by latest FOMC minutes, which suggested Fed officials are concerned about muted price pressures, Choy says</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* NOTE: Malaysia aims to shrink budget deficit to 3% of GDP this year from 3.1% in 2016</p></div>

<div class=newsTextDataWrapInner><p>* NOTE: Malaysian PM Najib will table federal budget in Parliament on Oct. 27</p></div>

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KUALA LUMPUR (Oct 13): Malaysia’s 20-year Islamic bond auction on Thursday drew strong demand amid bets the government will unveil a fiscally-prudent budget this month, according to Ray Choy, head treasury strategist at CIMB Bank.

* “Expectations appear to be building up for a positive ...

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