· June’s NFP number in the US came in much higher than expected at +222k vs +1

Today’s trade recap by our trading desk:-
·         June’s NFP number in the US came in much higher than expected at +222k vs +178k expected. UST 10Y yields closed at 2.39% on Friday, rising 2bps. This resulted in the local market to continue its bearish trend at the start of the week, seeing yields rising 2-9bps with the 5y paper showing the biggest movement. Market sentiment has been weak and there were some foreign selling pressure on the belly of the curve.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.450 +3.0 26 5-yr 3.800 +9.0 11 7-yr 3.970 +2.5 382 10-yr 3.995 +2.0 33 15-yr 4.470 +2.0 26 20-yr 4.630 +2.0 1 30-yr 4.810 +2.0 48 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.515 0.0 3-yr 3.675 1.0 5-yr 3.800 1.0 7-yr 3.915 2.5 10-yr 4.070 3.0 Source: Bloomberg, AmBank