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Market Roundup
Market Roundup
- US Treasuries recovered losses, after the Greek government revealed that it will only send the list of reforms in Tuesday morning, a day later than previous agreed due date. Aside, the weak existing home sales data recorded in January also weighed the yields lower. The existing home sales contracted by a larger margin of 4.9%, against 1.8% of consensus forecast.
- Ringgit govvies closed weaker, amid quiet market after the long weekend. Daily transaction was low, totalling RM1.0 billion as some players were yet to return from the Lunar New Year holidays.
- Thai sovereign bond yields inched higher on Monday, amid some profit taking activities along the front end and bellies of the curve. Foreign players continued to absorb Thai govvies, and registered a net buying amount of Bt829 million, after being the net buyers of over Bt5.0 billion a week ago.
- Asian credits strengthened, guided by the improved risk appetite after seeing the positive progress of the Greek bailout plan. Also, secondary market was well support amid a lack of fresh issuance as Chinese market will only reopen on Feb 25.
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