Today’s trade recap by our trading desk:-
·         Ahead of Comey’s testimony in the Senate as well as UK elections, the market traded cautiously with activity focused on the 7y and the back end of the curve. Yields eased slightly by 0.5-3.5 bps with stronger demand for longer end bonds.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.285 -0.5 1 5-yr 3.555 -0.5 20 7-yr 3.815 -0.5 50 10-yr 3.865 -1.0 - 15-yr 4.310 -1.0 61 20-yr 4.525 -1.5 10 30-yr 4.735 -3.5 150 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.505 -0.5 3-yr 3.620 0.1 5-yr 3.705 1.0 7-yr 3.800 0.0 10-yr 3.960 0.0 Source: Bloomberg, AmBank