· Market continue to trade sideways today despite UST seeing yields rising 4bps o

Good Evening,
Today’s trade recap by our trading desk:-
·         Market continue to trade sideways today despite UST seeing yields rising 4bps overnight over profit taking activities globally. Most trades were concentrated on the front end of the curve as the market saw tight 2 way prices there but action was rather muted. Some traders stayed on the sidelines as the market will be taking a break for Wesak holidays tomorrow and resume again on Thursday.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.305 - - 5-yr 3.585 -1.0 - 7-yr 3.860 - 30 10-yr 3.950 +1.0                  122 15-yr 4.390 - 14 20-yr 4.675 - - 30-yr 4.770 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.535 0.0 3-yr 3.660 0.0 5-yr 3.763 -0.2 7-yr 3.865 -1.0 10-yr 4.020 1.0 Source: Bloomberg, AmBank