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
Source: BondStream, AmBank
Interest Rate Swap Closing Rates
Source: Bloomberg, AmBank