· Trading activity in the local bond market was rather muted throughout the day as mar

Good Morning,
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 tomorrow’s RM 2 Billion 10 year MGS Re-opening tender. MGS 11/26 was quoted 4.44%-4.40% in the WI market with no trades being done so far since it was announced. Yields was largely unchanged for the day. We noticed some local buying interests on selective stocks; namely MGS 11/19, MGS 7/21 and GII 7/22, looking for yield pick-ups.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.875 -2.0 97 5-yr 4.090 0.0 0 7-yr 4.335 - - 10-yr 4.420 0.0 20 15-yr 4.880 - - 20-yr 5.005 0.0 0 30-yr 5.000 0.0 10 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.585 0.0 3-yr 3.735 0.0 5-yr 3.895 0.0 7-yr 4.025 0.0 10-yr 4.180 0.0 Source: Bloomberg, AmBank
Local News:
None.