· The local bond market continue to trade sideways today while seeing small flows in betwee

Today’s trade recap by our trading desk:-
·         The local bond market continue to trade sideways today while seeing small flows in between. The MGS curve was largely unchanged apart from the 3y which dropped 7bps due to demand on small volume. GII curve dropped 1-2bps on the belly on thin trades. The reopening auction for 10Y MGS was announced today with an issuance size RM3.0bio. WI was last quoted at 3.55-50 with nothing done.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.870 -7.0 25 5-yr 3.205 0.0 30 7-yr 3.450 0.0 74 10-yr 3.550 +0.5 9 15-yr 3.890 +0.5 18 20-yr 4.175 0.0 20 30-yr 4.470 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.315 -0.5 3-yr 3.320 -0.5 5-yr 3.430 -0.5 7-yr 3.560 -1.5 10-yr 3.720 -2.0 Source: Bloomberg, AmBank
Local News:
None.