(Bloomberg) -- Malaysia's three-year bonds fell after crude oil prices rose to the highest in three weeks, stoking concern inflation will accelerate. The ringgit weakened for a second day.
The note's yield, which moves opposite to the price, has climbed from the lowest in 17 months on speculation Bank Negara Malaysia will refrain from cutting its overnight interest rate on April 27. Inflation was at a 2 1/2-year low in March and a sustained increase in fuel prices may prompt the government to raise the cost for consumers.
Read more at Bloomberg Bonds News
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