Malaysian bonds are turning vulnerable to further outflows as local yields are seen rising along with those on Treasuries with Donald Trump poised to be the next US president.

An aggressive selloff in bonds which began after Tuesday evening’s early election results continued on Wednesday, pushing the 30-year yield up by the most in four years, as traders factored in the likely trade and deficit policies of another Trump administration.

The Malaysian currency raced ahead of all emerging-market peers in the quarter ended September. Bonds saw a cumulative 18 billion ringgit net foreign inflow over the same period, the most since 2012. Tariff Risk Around 11% of Malaysia’s total exports go ...