· Local bond market continue to trade sideways without any fresh catalyst to move

Today’s trade recap by our trading desk:-
·        Local bond market continue to trade sideways without any fresh catalyst to move the market with most of prices quoting around yesterday’s level. BNM announced the new issue of 20y GII 8/37 with the issue size of RM 2.5Bio. WI was quoted wide at 4.85%-4.65% with no trades being reported.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.300 -1.0 81 5-yr 3.705 - 3 7-yr 3.920 - 73 10-yr 4.000 - 41 15-yr 4.415 - 30 20-yr 4.575 - 13 30-yr 4.800 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.500 0.2 3-yr 3.640 -0.5 5-yr 3.770 1.0 7-yr 3.880 0.5 10-yr 4.000 0.0 Source: Bloomberg, AmBank