· Focus for the day is on the Article 50 triggered by Theresa May overnight with details yet to

Today’s trade recap by our trading desk:-
·         Focus for the day is on the Article 50 triggered by Theresa May overnight with details yet to be reviewed. As such, market continue to trade sideways with some selling pressure on the front end of the curve as IRS continued to rise higher by 2bps today. Traded volume in the market today remained paper thin as most players stayed on the side lines not knowing what’s happening next. 7y MGS auction will be closing tomorrow and WI was quoted higher today at 4.09-02 levels with nothing done so far.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.520 +3.0 63 5-yr 3.830 +0.5 53 7-yr 4.050 +2.0 71 10-yr 4.155 +1.5 1 15-yr 4.540 +2.0 66 20-yr 4.665 0.0 45 30-yr 4.820 0.0 7 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.560 1.0 3-yr 3.730 1.0 5-yr 3.875 0.0 7-yr 3.980 1.2 10-yr 4.130 1.0 Source: Bloomberg, AmBank