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