Good Morning,
Market Roundup
- US Treasury yields saw upticks on Thursday, driven by positive data points from latest economic releases, as well as surge in crude oil prices, triggered by Saudi airstrike in Yemen.
- Malaysian government bonds ended marginally firmer, amid positive sentiment benefited from the spike in crude oil prices and firmer MYR.
- Thai govvies extended gains on the back of weaker-than-expected February exports. Gains were clustered particularly along the front end and bellies of the curve, as market further priced in the impact of worsen economic outlook, which may spur more stimulus measures from the central bank.
- IDR denominated bond market ended on a softer tone ahead of next week's bond auction, amid choppy trading due to a lack of guidance, while we noted both buying and selling actions especially in the 10-year benchmark. Meantime, MoF aims to issue IDR10 trillion in next week's auction.
- Dollar credits dealt mixed, amid thinner flows on Thursday. Furthermore, market was seen with some profit taking activities after the climb in overnight UST yields, while we think that investors may also pave way for upcoming pipelines.
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