Buying momentum continued today as investors came in looking for stocks with yield pickups. Trading activities on the benchmark stock

Today’s trade recap by our trading desk:-
·         Buying momentum continued today as investors came in looking for stocks with yield pickups. Trading activities on the benchmark stocks continued to be lackluster despite prices were firmer, while offer prices were scarce especially on the back end of the curve. As such, trades on benchmark stocks were limited today. Sentiments was also supported on renewed optimism for productions cut agreement among the OPEC members to be reached in the highly anticipated meeting which took place in Vienna. Crude oil price were seen rising by more than 2% in the Asian trading session.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.870 -2.5 3 5-yr 4.055 -3.5 2 7-yr 4.230 -10.5 4 10-yr 4.360 -10.5 1 15-yr 4.790 -9.0 2 20-yr 5.005 0.0 3 30-yr 5.000 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.590 -1.0 3-yr 3.720 -1.5 5-yr 3.850 -5.0 7-yr 3.995 -0.5 10-yr 4.140 -4.0 Source: Bloomberg, AmBank
Local News:
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