· After a calmer market and a slight correction in yields yesterday, the local bond market tumbled further as the yields were sent 10-15bps higher across the curve

Good Evening,
Today’s trade recap by our trading desk:-
·         After a calmer market and a slight correction in yields yesterday, the local bond market tumbled further as the yields were sent 10-15bps higher across the curve as the market saw selling pressure across all tenors despite regional yields coming off. MYR was also much weaker today as it weakened to 4.3900 levels on the back of the selloff in the bond market.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.780 +9.0 731 5-yr 4.020 +13.5 155 7-yr 4.315 +15.5 740 10-yr 4.335 +10.0 373 15-yr 4.740 +12.0 341 20-yr 4.855 +12.5 252 30-yr 4.945 +14.5 190 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.475 +3.5 3-yr 3.700 +11.0 5-yr 3.915 +5.5 7-yr 4.005 +10.5 10-yr 4.180 +7.0 Source: Bloomberg, AmBank
Local News:
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