Market
Roundup
- US Treasury yields fell on the shorter ends, after Yellen surprised the market with a dovish speech in a public conference. Meanwhile, 30T inched up by 1bp to 3.56%.
- Malaysian government bonds continued to be range-traded, amid lacking of major drivers. The new 7-year MGS was traded lower to 4.02%, from average yield of 4.048% generated in auction. Despite that, we still noted decent local demand on the 7-year MGS, due to the attractive yield. Aside, shorter tenor 1- and 2-year papers were better bidded on the stronger Ringgit.
- THB denominated government bonds were firmed at last Friday’s levels, amid strong net buying interest shown by both local and foreign players, amounted to THB5.9 billion.
- Indonesian market closed on Saka New Year public holiday.
- Asian dollar credit market weakened, as investors took profit from earlier gains. Citic Pacific perps were traded lower from 107.84 to 107.26pts, whilst Agile Feb’19 was traded firmer at 99.05, from 98.68pts last Friday. New financial credits IDBI Sep’19 edged down by 0.04pts to 100.92pts, and EXIM Bk of India fell by 0.19pts to 100.45pts.
Best Regards,
CIMB Fixed Income Research
Corporate Banking, Treasury and Markets
Tel: +603 2261 8888 | Fax: +603 2261 8705
www.cimb.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.