Malaysia’s ringgit fell the most in a week, leading losses in Asia, amid a U.S. budget stalemate that has brought the government to the brink of its first shutdown in 17 years. Sovereign bonds were little changed.
The House of Representatives voted 231-192 yesterday to stop many of the Affordable Care Act’s central provisions for one year, tying it to an extension of government funding through Dec. 15. Should the Senate reject the bill today, the government could be shut down from tomorrow. Malaysian bond yields are likely to rise as inflation accelerates after the authorities cut fuel subsidies this month, according to a Sept. 27 report from Barclays Plc analysts led by London-based Christian Keller.