· Anticipating the FOMC outcome later tonight, the market continue to trade sideways tod

Today’s trade recap by our trading desk:-
·         Anticipating the FOMC outcome later tonight, the market continue to trade sideways today in paper thin volume. There was also a 10y GII reopening auction today. It was very well received, closing with a BTC of 2.541x, averaging 4.013. Demand was mostly seen from the local fund managers, especially the Islamic accounts looking for decent yield. In the afternoon session, there was some light buying in the GII space while yields didn’t really move for the day.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.285 - 5 5-yr 3.555 - 12 7-yr 3.815 - 1 10-yr 3.865 - 18 15-yr 4.310 - 3 20-yr 4.500 - 3 30-yr 4.735 - 2 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.505 0.5 3-yr 3.620 0.0 5-yr 3.690 -1.5 7-yr 3.790 -1.5 10-yr 3.950 -1.5 Source: Bloomberg, AmBank