Fixed Income Weekly Pulse, 25 Apr 2016

 Highlights of the week:

·         US jobless claims fell to fresh lows of 247,000, the healthiest reading since the early 1970s

·         ECB leaves its key interest rates unchanged as widely expected

·         Preliminary reading of Japan manufacturing PMI shows that the manufacturing activity contracted in April

·         RM trades in a wide range with an appreciation bias in the earlier part of the week before surrendering to depreciation pressure on stronger USD flows

Local govvies saw some sell-off across the curve tracing the movement on global bond market