A slow start on to the week after a long Easter weekend for regional markets while some others are still on holiday. Some earlier gains in the local market

Good Evening,
Today’s trade recap by our trading desk:-
·         A slow start on to the week after a long Easter weekend for regional markets while some others are still on holiday. Some earlier gains in the local market during the morning session were given back in the afternoon as some traders were taking profit on their positions. Yield curve ended the day 1-3bps higher from the belly towards the longer end on thin traded volume. Market activity should resume tomorrow when all markets reopen.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.350 0.0 4 5-yr 3.790 0.0 60 7-yr 3.980 +1.0 - 10-yr 4.115 +3.0 90 15-yr 4.510 +3.0 20 20-yr 4.745 +1.5 - 30-yr 4.800 0.0 - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.540 1.5 3-yr 3.630 -5.0 5-yr 3.785 -1.5 7-yr 3.895 -1.0 10-yr 4.040 -0.5 Source: Bloomberg, AmBank