FW: Fixed Income Daily Pulse - 16 August 2017

 

 

Good Evening,
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 MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.440 - 63 5-yr 3.630 +2.0 - 7-yr 3.910 - 20 10-yr 4.000 +0.5 - 15-yr 4.385 -2.0 266 20-yr 4.565 - 28 30-yr 4.770 - 3 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.490 0.5 3-yr 3.640 -0.1 5-yr 3.755 0.5 7-yr 3.860 0.0 10-yr 3.985 -0.5 Source: Bloomberg, AmBank