Tuesday, November 29, 2016

· 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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails