Today’s trade recap by our trading desk:-
· A rather quiet start to the week after US NFP number turned out stronger than expected late last Friday evening at +209k vs +180k expected. UST yields resultantly rose c. 5bps in tandem with a strong USD. However, the local bond space was largely unmoved thus far although prices were slightly softer with yields at the belly inching up about 1bps. Secondary market remained lackluster with the lack of flows.
Malaysia Government Bonds Benchmark Issues
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
Source: Bloomberg, AmBank