Market
Roundup
- US market closed on Columbus Day.
- Ringgit govvies closed firmer amid improved buying interest post Malaysian Budget 2015 announcement last Friday. Aside, total transactions were decent amounting to about RM4 billion, supported by the active trading of both 10-year MGS and GII benchmarks, which closed unchanged at 3.82% and 4.12% respectively.
- Thai government bonds strengthened on Monday, after posted losses on the back of profit taking activities on last Friday. Meanwhile, trading volume remained decent totalling Bt24.0 billion, while players were seen better bidders along short dated LB15DA (-2bps), LB176A (-2bps) and LB196A (-5bps).
- Bond market little changed for most of the day in thin volume as market participants wait for tomorrow's bond auction. Not much happened as market traded sideways, Benchmark series especially 10yr and 20yr bonds dominated today's transactions.
- Quiet market on Monday, as investors were staying sidelined for the new issuances. Market focus was on Agile, after the founder Chen Zhoulin was held under custody for money laundering case. Agile Feb’19 rebounded from the low of 84.00pts recorded last Friday to 84.44pts, while Agile perp dipped to the lowest level of 68.08pts.
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