· In view of upcoming event risk – Trump’s meeting with Xi; Fed Minutes; and NFP num

Today’s trade recap by our trading desk:-
·         In view of upcoming event risk – Trump’s meeting with Xi; Fed Minutes; and NFP number, the market traded sideways not knowing the outcome of these events. Activity was light throughout the day with trades more concentrated on the front end of the curve. Auction for the new 20Y MGS will be closing tomorrow. WI was quoted 4.75-65 with nothing done so far. Yield curve ended the day largely unchanged from the day before.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.545 0.0 30 5-yr 3.825 +1.0 55 7-yr 4.040 0.0 69 10-yr 4.125 0.0 137 15-yr 4.480 0.0 75 20-yr 4.665 0.0 - 30-yr 4.800 0.0 17 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.560 -1.5 3-yr 3.730 0.5 5-yr 3.860 -0.5 7-yr 3.955 -1.0 10-yr 4.085 -0.5 Source: Bloomberg, AmBank