FW: Fixed Income Daily Pulse - 19 September 2017

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Market activity remains subdued today ahead of FOMC rate decision tomorrow night while some local traders were looking to lighten up their exposure ahead of the event risk. Slight selling pressure was seen on the front end of the curve as yields were up 2-3 bps at the front while the rest of the curve rose 1-2bps. Despite the selling pressure, there were still some buying flows on stocks <6months, with a few notable high volume trades done.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.350 +2.0 - 5-yr 3.530 +3.0 - 7-yr 3.795 +1.5 5 10-yr 3.875 +2.0 - 15-yr 4.305 +1.0 90 20-yr 4.515 +1.0 - 30-yr 4.775 +0.5 - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.490 0.5 3-yr 3.605 1.0 5-yr 3.710 1.0 7-yr 3.815 1.5 10-yr 3.950 2.0 Source: Bloomberg, AmBank