Fixed Income Weekly Pulse, 20 July 2015

 Highlights of the week:

·         Generally improving U.S. economy has the US Fed Reserve on track to raise interest rates by the end of the year

·         Greece’s securing of a bailout helps reduce global uncertainty which also takes away a potential obstacle to higher U.S. interest rates

·         RM up 0.16% against US dollar, as the 1-month USD/MYR volatility fell drastically

·         Most local govvies were under selling pressure, tracing the movement in US Treasuries