Good Evening, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Today’s trade recap by our trading desk:- | |||||||||||||||||||||||||||||||||||||||||||||||||||
· The main market mover overnight was a better than expected UK inflation data which saw the GBP advancing to 1.33 levels while UST yields stabilised at 2.16% levels after rebounding from YTD lows since two days ago. In the local bond space, the strength of the MYR was driving flows on the front end of the curve, rebounding from a 2-day losing streak. As MYR ended the day at 4.1920 levels, yield curve closed 1-2bps lower. Focus will be on the 5Y MGS auction tomorrow with WI last quoted 3.51-49. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Malaysia Government Bonds Benchmark Issues
Source: BondStream, AmBank | Interest Rate Swap Closing Rates
Source: Bloomberg, AmBank |
Thursday, September 14, 2017
FW: Fixed Income Daily Pulse - 13 September 2017
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