· The market remained the way it has been since the beginning of the week today as it was lacklustre with focus on the FOMC outcome later tonight in the US.

Today’s trade recap by our trading desk:-
·         The market remained the way it has been since the beginning of the week today as it was lacklustre with focus on the FOMC outcome later tonight in the US. During the day, MYR weakened in tandem with other Asian currencies as USDJPY shot up in anticipation of further stimulus by BOJ. Local bond space was more focused in GII space today as some buying flows on the 5Y to 10Y GII benchmarks saw good two way price action on very thin volume. Overall yield curve came off by 1.5-2bps today.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.885 0 2 5-yr 3.220 -1.0 10 7-yr 3.460 -2.0 22 10-yr 3.620 - - 15-yr 3.955 +2.0 0 20-yr 4.185 -1.5 2 30-yr 4.520 -0.5 40 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.365 -0.5 3-yr 3.390 1.5 5-yr 3.500 2.0 7-yr 3.640 2.5 10-yr 3.810 2.0 Source: Bloomberg, AmBank
Local News:
·        None.