The day’s
trade recap (from our trading desk):
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· Another day where the morning started
mildly bullish with buying interest in the 5- and 10-year MGS but
similar to yesterday, it was short lived as sellers were ever
present signalling that the market sentiment is still soft even
amid MYR strengthening against the USD to 3.6560 from 3.7000
yesterday. Afternoon session was rather subdued with some minor
interest in the 5-year MGS but that didn’t last long as well.
Yields are still expected to trade sideways as the market look for
an impetus to drive the market. Over the GG/AAA segment, Khazanah
‘02/21 and ‘08/24 declined 14 and 6 bps to 4.06% and 4.29%
respectively, with a collective trading volume of RM30m. Meanwhile,
Genting Capital ‘06/22 traded 52 bps lower to 4.49%, with RM40m
changed hands. Elsewhere in the AA segment, First Resources ‘12/17
traded unchanged with RM36m changed hands.
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MGS Benchmark Issues
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MGS
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Closing Level
(%)
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Chg (bp)
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Vol (RM m)
|
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3-yr
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3.35
|
-
|
-
|
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5-yr
|
3.65
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-1
|
520
|
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7-yr
|
3.80
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-1
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60
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10-yr
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3.89
|
0
|
50
|
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15-yr
|
4.12
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0
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5
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20-yr
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4.22
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-
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-
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30-yr
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4.59
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1
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0
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IRS Closing Rates
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IRS
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Closing Yld (%)
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Chg
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1-yr
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3.62
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0
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3-yr
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3.67
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2
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5-yr
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3.81
|
4
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7-yr
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3.98
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4
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10-yr
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4.14
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5
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