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Dear Readers,
Highlights
of the report as follow:-
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·
The
re-opening of the 7-year MGS maturing 30 September 2024 with a size of
RM3.0bil recorded a strong bid-to-cover (BTC) ratio of 2.877 times. This was
the highest BTC ratio since the 7-year MGS reopening in January 2012 which
registered 3.593 times BTC ratio.
·
There
was strong buying interest in this paper despite the spread having narrowed
by 13bps to 174bps in the past two weeks as US Treasury yields have started
picking up amid speculation surrounding possible changes monetary policy
changes of ECB and BOE.
·
The
next tender to watch is the very first re-opening of the 30-year MGII in July
2017. It will be the fifth reopening of MGII in 2017.
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Friday, July 7, 2017
The next tender to watch is the very first re-opening of the 30-year MGII in July 2017. It will be the fifth reopening of MGII in 2017.
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