Friday, April 21, 2017

The local bond market traded sideways today. Trades were mostly concentrated on the belly of the curve with buying flows matching profit takers in the MGS space. GIIs on the other hand remained lackluster with

Today’s trade recap by our trading desk:-

·         The local bond market traded sideways today. Trades were mostly concentrated on the belly of the curve with buying flows matching profit takers in the MGS space. GIIs on the other hand remained lackluster with very thin trades. Yield curve closed today largely unchanged from the day before while MYR remained flat at 4.4000 level.



Malaysia Government Bonds Benchmark Issues
MGS
Closing Level (%)
Change (bp)
Volume (RM m)
3-yr
3.400
+2.5
26
5-yr
3.780
0.0
291
7-yr
3.995
0.0
21
10-yr
4.130
0.0
2
15-yr
4.510
+1.0
55
20-yr
4.755
0.0
0
30-yr
4.835
0.0
4
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
IRS
Closing Yield (%)
Change (bp)
1-yr
3.530
-1.0
3-yr
3.695
1.5
5-yr
3.813
0.7
7-yr
3.910
0.5
10-yr
4.060
0.0
Source: Bloomberg, AmBank

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