· A quiet start to the month with the market tilted bearish slightly after oil price dropped

Today’s trade recap by our trading desk:-
·         A quiet start to the month with the market tilted bearish slightly after oil price dropped overnight; resulting in a weaker MYR as well today at 4.2860 levels. Prices were softer in the bond market as yields inched in 1.5-2bps at the belly with little trades done.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.305 - 58 5-yr 3.570 - 10 7-yr 3.835 +2.0 103 10-yr 3.895 +1.5 47 15-yr 4.325 - 49 20-yr 4.570 - 6 30-yr 4.770 - 2 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.525 0.0 3-yr 3.640 1.1 5-yr 3.725 1.0 7-yr 3.825 0.0 10-yr 3.980 0.5 Source: Bloomberg, AmBank