General USD weakness saw UST continue to ease overnight by another 4 bps. While the MYR halted its gains today and traded sideways, bond

Today’s trade recap by our trading desk:-
·         General USD weakness saw UST continue to ease overnight by another 4 bps. While the MYR halted its gains today and traded sideways, bond prices continue to firm up by another 2 bps at the belly on thin traded volume. Market players staying on the sidelines ahead of ECB rate decision and statement tomorrow evening.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.410 - 29 5-yr 3.690 -2.5 9 7-yr 3.895 -2.0 11 10-yr 3.960 -1.5 4 15-yr 4.405 -0.5 - 20-yr 4.570 - 30 30-yr 4.800 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.495 0.0 3-yr 3.625 -0.5 5-yr 3.755 0.5 7-yr 3.850 0.0 10-yr 4.000 -0.5 Source: Bloomberg, AmBank