FW: Fixed Income Daily Pulse - 8 August 2017

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Market activity picked up slightly today with some buying flows seen at the belly of the MGS curve in the morning; particular interest in the non-benchmarks bonds with 3-5y maturities. Tight two way price action was seen in the secondary market as volume picked up. Yields however ended the day range bound, easing slightly by 0.5 – 1.5bps across the curve.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.290 - 73 5-yr 3.675 -1.5 59 7-yr 3.915 -0.5 46 10-yr 3.995 -0.5 - 15-yr 4.405 -0.5 2 20-yr 4.565 -0.5 12 30-yr 4.785 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.495 0.5 3-yr 3.640 -1.0 5-yr 3.750 -1.5 7-yr 3.865 -0.5 10-yr 4.000 0.0 Source: Bloomberg, AmBank