Today’s trade recap by our trading desk:- • Brexit referendum day finally arrives as UK begins voting whether to stay within EU or not. Polls will close 10pm London time with the first results expected to trickle in 1 hour after. Despite the major event risk, the local bond market continues to see foreign buying interest on the 5Y MGS. The market traded sideways despite the flows as many traders continued to cut out risk into the event risk. Yields ended the day largely unchanged while MYR strengthen to 4.0150 levels. Market is expected to be very volatile tomorrow morning till NY closing once polling results start to come in. Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.215 - 31 5-yr 3.445 -1.0 444 7-yr 3.745 -0.5 150 10-yr 3.880 - 345 15-yr 4.195 - 80 20-yr 4.295 - 0 30-yr 4.705 - 6 Source: BondStream, AmBank Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.575 0.5 3-yr 3.595 0.5 5-yr 3.700 1.5 7-yr 3.820 2.5 10-yr 3.995 2.5 Source: Bloomberg, AmBank Local News: • None.

Today’s trade recap by our trading desk:-
·         Brexit referendum day finally arrives as UK begins voting whether to stay within EU or not. Polls will close 10pm London time with the first results expected to trickle in 1 hour after. Despite the major event risk, the local bond market continues to see foreign buying interest on the 5Y MGS. The market traded sideways despite the flows as many traders continued to cut out risk into the event risk. Yields ended the day largely unchanged while MYR strengthen to 4.0150 levels. Market is expected to be very volatile tomorrow morning till NY closing once polling results start to come in.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.215 - 31 5-yr 3.445 -1.0 444 7-yr 3.745 -0.5 150 10-yr 3.880 - 345 15-yr 4.195 - 80 20-yr 4.295 - 0 30-yr 4.705 - 6 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.575 0.5 3-yr 3.595 0.5 5-yr 3.700 1.5 7-yr 3.820 2.5 10-yr 3.995 2.5 Source: Bloomberg, AmBank
Local News:
·         None.