· Going into a new quarter for the year, the market started off when it ended on Friday an

Today’s trade recap by our trading desk:-
·         Going into a new quarter for the year, the market started off when it ended on Friday and traded sideways today on light volume. Most trades done were direct deals while the market was lackluster today. Yield curve was largely unchanged on this uneventful start of the month with USDMYR hovering around 4.4250 levels.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.545 -0.5 51 5-yr 3.825 -                  18   7-yr 4.060 +1.0 39 10-yr 4.145 - 110 15-yr 4.520 - 33 20-yr 4.665 -1.0 142 30-yr 4.800 -2.0                 31 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.560 -0.5 3-yr 3.735 +0.1 5-yr 3.885 +1.2 7-yr 3.970 +0.5 10-yr 4.105 +0.0 Source: Bloomberg, AmBank