Today’s trade recap by our trading desk:-
· Strong US retail numbers coupled with a risk on sentiment after geopolitical tensions cool off saw UST yields rising towards 2.28%. Lackluster day in the local bond space today with very few trades done. Prices were slightly softer on certain stocks while traded volume dropped also today. Yields ended the day largely unchanged, apart from 5y rising 2bps and 15y easing 2bps.
Malaysia Government Bonds Benchmark Issues
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
Source: Bloomberg, AmBank