· In view of upcoming event risk this week on Thursday with UK going Elections, the ma

Today’s trade recap by our trading desk:-
·         In view of upcoming event risk this week on Thursday with UK going Elections, the market continue to trade sideways with many staying on the sidelines until the uncertainties are out of the way. There was a 20Y MGS reopening auction today which closed with a decent BTC of 1.704x and averaging 4.558. The auction saw most interest from real money accounts; having an attractive yield and a decent spread over 15Y MGS.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.290 - 2 5-yr 3.560 - - 7-yr 3.830 +1.0 20 10-yr 3.880 - 29 15-yr 4.325 - 170 20-yr 4.575 +0.5 - 30-yr 4.770 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.510 0.0 3-yr 3.615 -1.5 5-yr 3.700 -0.5 7-yr 3.800 -1.5 10-yr 3.950 -1.5 Source: Bloomberg, AmBank