Thursday, March 16, 2017

· A quiet day in the local govvies as market players awaiting FOMC decision which i

Today’s trade recap by our trading desk:-

·         A quiet day in the local govvies as market players awaiting FOMC decision which is scheduled to release tonight. Investors however constantly showed interest at the belly of MGS curve amid yield-to-duration ratio among the highest. Elsewhere, market is expecting the announcement of 15yr GII reopening with target size of c. MYR 2.0 to 3.0 billion.


Malaysia Government Bonds Benchmark Issues
MGS
Closing Level (%)
Change (bp)
Volume (RM m)
3-yr
3.500
0.0
23
5-yr
3.860
-1.0
6
7-yr
4.030
-3.0
108
10-yr
4.150
0.0
80
15-yr
4.605
-4.5
64
20-yr
4.660
-7.0
40
30-yr
4.865
0.0
24
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
IRS
Closing Yield (%)
Change (bp)
1-yr
3.550
0.0
3-yr
3.705
0.7
5-yr
3.870
-0.5
7-yr
3.975
-0.5
10-yr
4.130
0.0
Source: Bloomberg, AmBank

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