Wednesday, November 9, 2016

· Trading activity in the local bond market was rather muted throughout the day as market players stayed on the sideline waiting for the


Good Evening,

Today’s trade recap by our trading desk:-

·         Trading activity in the local bond market was rather muted throughout the day as market players stayed on the sideline waiting for the outcome of US Presidential Election tomorrow morning. Towards the end of the day, there was slight selling on the 15y papers with the yield rising by 1bp. The rest of the curve closed relatively unchanged from yesterday’s level in thin trading volume.


Malaysia Government Bonds Benchmark Issues
MGS
Closing Level (%)
Change (bp)
Volume (RM m)
3-yr
3.030
0.0
20
5-yr
3.340
-
-
7-yr
3.550
0.0
20
10-yr
3.675
-1.0
10
15-yr
4.090
+0.5
39
20-yr
4.335
+1.0
33
30-yr
4.625
0.0
0
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
IRS
Closing Yield (%)
Change (bp)
1-yr
3.340
+0.5
3-yr
3.400
+1.0
5-yr
3.545
+0.0
7-yr
3.675
-1.0
10-yr
3.910
-1.0
Source: Bloomberg, AmBank

Local News:

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