Today’s
trade recap by our trading desk:-
|
· Quiet start to the week
in local govvies but market was softer today on the back of a
weaker MYR caused some foreign players to be a little jittery as
they were seen selling the 10y MGS while the 7y also saw a bit of
selling pressure but was supported by local buyers. At the
moment, it doesn’t look like local players are looking to cut since
the street positioning is light to neutral. Also, bonds have
rallied more than 25bps on the 7y and 10y in the past week, so some
players who managed to get in early and have not taken profit on
their positions should still be in the money. Reckon these players
will sit and wait before deciding to get out.
|
|
|
|
|
MGS Benchmark Issues
|
MGS
|
Closing Level (%)
|
Chg (bp)
|
Vol (RM m)
|
|
3-yr
|
3.480
|
+8.0
|
10
|
|
5-yr
|
3.860
|
+3.0
|
9
|
|
7-yr
|
4.140
|
+4.0
|
415
|
|
10-yr
|
4.240
|
+4.0
|
290
|
|
15-yr
|
4.550
|
+2.0
|
74
|
|
20-yr
|
4.720
|
+3.0
|
0
|
|
30-yr
|
4.910
|
+1.0
|
0
|
|
IRS Closing Rates
|
IRS
|
Closing Yld (%)
|
Chg (bp)
|
|
1-yr
|
3.975
|
0.0
|
|
3-yr
|
4.125
|
1.5
|
|
5-yr
|
4.260
|
3.0
|
|
7-yr
|
4.390
|
0.0
|
|
10-yr
|
4.590
|
-1.5
|
Source:
Bloomberg, AmBank
|
|
|
|
Source: BondStream, AmBank
|
Local
News:
·
None.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.