· A quiet start to the week after Macron won the French Presidential Elections yesterday

Today’s trade recap by our trading desk:-
·         A quiet start to the week after Macron won the French Presidential Elections yesterday evening with a 66% majority. Trades were lackluster in the local govvies market today with pretty low volume done relative to last week’s activity. The front end of the curve was softer today due to some profit taking activity while there was a strong buying flow on the 10Y MGS. Yields ended the day 5bps up on the front end while the 10y dropped by 2.5bps.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.305 +5.0 86 5-yr 3.595 +1.0 - 7-yr 3.860 0.0 29 10-yr 3.940 -2.5 482 15-yr 4.390 0.0 85 20-yr 4.675 -1.0 57 30-yr 4.770 -1.5 20 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.535 0.0 3-yr 3.660 1.0 5-yr 3.765 0.1 7-yr 3.875 1.5 10-yr 4.010 -1.0 Source: Bloomberg, AmBank