Wednesday, April 19, 2017

As US Treasury Secretary commented that the strength of USD will be good over the longer term, the market reacted with slight strengthening in

Today’s trade recap by our trading desk:-

·         As US Treasury Secretary commented that the strength of USD will be good over the longer term, the market reacted with slight strengthening in the USD while UST 10y rose by 4 bps. On the local front, it was a rather quiet day despite all major markets resume working today. On very thin volume, the market saw slight selling pressure in tandem with rising UST while many stayed on the sidelines. The yield curve ended the day inching up by 1-2 bps across.


Malaysia Government Bonds Benchmark Issues
MGS
Closing Level (%)
Change (bp)
Volume (RM m)
3-yr
3.375
+2.5
20
5-yr
3.800
+1.0
                  5  
7-yr
3.995
+1.5
                  2
10-yr
4.115
-
37
15-yr
4.520
+1.0
35
20-yr
4.760
+1.5
                  4
30-yr
4.800
-
                  3
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
IRS
Closing Yield (%)
Change (bp)
1-yr
3.540
0.0
3-yr
3.675
4.5
5-yr
3.800
1.5
7-yr
3.895
0.0
10-yr
4.050
1.0
Source: Bloomberg, AmBank

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