Rally in the local bond market started to slow down today as many profit takers started to surface in the market.

Today’s trade recap by our trading desk:-
·         Rally in the local bond market started to slow down today as many profit takers started to surface in the market. 7Y and 10Y benchmarks saw selling pressure early in the morning before the buying continued in the afternoon, being driven by European flows. Yield curve ended the day 1-3 bps down as buying was more concentrated on the front end today.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.125 -4.0 249 5-yr 3.355 -3.5 318 7-yr 3.600 -1.5 735 10-yr 3.740 +0.5 233 15-yr 4.080 - 55 20-yr 4.260 -1.0 53 30-yr 4.610 +0.5 310 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.510 -0.5 3-yr 3.515 0.5 5-yr 3.585 1.0 7-yr 3.705 1.0 10-yr 3.860 0.0 Source: Bloomberg, AmBank
Local News:
·         None.