Good Morning,
Market Roundup
- US Treasury market ended relatively flat on Monday, as players awaited for more cue from both economic releases (CPI and GDP), and Fed members speeches this week.
- Malaysian sovereign yield curve was held pretty much unchanged, despite the recovery in MYR, which saw USD/MYR headed lower to 3.6950 late Monday. Trading interest was muted, as players awaited for further guidance.
- Thai govvies further strengthened along the front end and bellies of the curve, supported by the recent interest rate cut, and dovish FOMC statement. Also, buying sentiment was supported by the steep decline in USD/THB, which hovered below 32.55 late Monday.
- Indonesia government bond market closed firmer prior to today's US CPI data and Indonesia Syariah bond auction. Rupiah strengthened against USD, aligned with regional movement, with some buying action seen in bond market on all benchmark series. However the amount is suspected to be small. Total trading volume was small amounting IDR 9.5 trillion only.
- Asian dollar credits ended tighter in general, as buying sentiment boosted by UST rally late last week. Shimao Feb’22 edged lower from 100.59 to 100.57pts, while EXIM India Aug’20 tightened by about 4bps to 145bps.
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