Fixed Income Daily Pulse, 28 March 2016

Today’s trade recap by our trading desk:-
·         The week started off with market traded sideways as many financial centres globally are closed still for the Easter holidays. There was nothing traded at all for MGS benchmarks, while GII benchmarks saw some minor selling pressure while still being well supported with decent bids. MGS curve ended the day softer on the belly, 1.5-3bps up while the rest of the curve was unchanged. Trading activity should resume from the middle of the week onwards.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.270 - - 5-yr 3.420 - - 7-yr 3.745 +1.5 - 10-yr 3.880 +3.0 20 15-yr 4.250 - - 20-yr 4.385 - - 30-yr 4.725 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.615 0.0 3-yr 3.630 0.0 5-yr 3.720 0.0 7-yr 3.875 1.5 10-yr 4.070 2.0 Source: Bloomberg, AmBank
Local News:
·         None.