The week started off in a rather subdued manner with lacklustre trades. Yields eased slightly by 1-2bps on the belly while the res

Today’s trade recap by our trading desk:-
·         The week started off in a rather subdued manner with lacklustre trades. Yields eased slightly by 1-2bps on the belly while the rest of the curve remained unchanged on thin trading volume. Many players staying on the side-lines in anticipation of the new 7y GII issue tomorrow. WI was last quoted 4.12-02% with nothing done since auction was announced.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.380 0.0 13 5-yr 3.725 -1.0 10 7-yr 3.940 -2.0 - 10-yr 4.130 -0.5 73 15-yr 4.555 +1.0 - 20-yr 4.665 0.0 10 30-yr 4.800 0.0 23 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.490 0.0 3-yr 3.650 -0.5 5-yr 3.805 0.5 7-yr 3.915 0.0 10-yr 4.080 1.0 Source: Bloomberg, AmBank