7-year MGS auction result
- Demand was decent for the 7-year MGS (MGS Aug’23) reopening auction, indicated by a bid-to-cover ratio of 2.044 times. However, the RM3.0 billion issuance size was slightly below RM3.5 billion that we had expected earlier. Average yield at the auction stopped at 3.800%, and done within a narrow spread of 3.785-3.809%, but lower than WI trading 3.81-3.83% dealt a day prior the tender close.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.