Tuesday, February 7, 2017

The local bond market saw trading focused at the belly of the curve today with buying flows pushing yields down 2-7bps across the curve. Bids were firmer than Friday’s close even though a stronger than expected NFP figure at +2


Good Evening,

Today’s trade recap by our trading desk:-

·         The local bond market saw trading focused at the belly of the curve today with buying flows pushing yields down 2-7bps across the curve. Bids were firmer than Friday’s close even though a stronger than expected NFP figure at +227k vs +180k expected. UST yields also came off slightly as a result of lower average hourly earnings and higher unemployment rate in tandem with a weaker USD.  


Malaysia Government Bonds Benchmark Issues
MGS
Closing Level (%)
Change (bp)
Volume (RM m)
3-yr
3.355
-1.5
30
5-yr
3.665
0.0
515
7-yr
3.915
-7.5
250
10-yr
4.130
-3.0
190
15-yr
4.545
-1.0
78
20-yr
4.650
-5.5
10
30-yr
4.760
-2.5
50
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
IRS
Closing Yield (%)
Change (bp)
1-yr
3.495
0.0
3-yr
3.640
0.0
5-yr
3.795
-0.8
7-yr
3.905
0.0
10-yr
4.070
0.0
Source: Bloomberg, AmBank

No comments:

Post a Comment

Related Posts with Thumbnails