FW: Fixed Income Daily Pulse - 17 October 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Ahead of a midweek Deepavali break here, the local bond market traded sideways with very little volume done. Market movements today were dominated by overnight headlines that John Taylor (a hawk) is reckon to be currently the favourite to be Fed’s next Chairperson, ahead of Kevin Warsh and Jerome Powell. The news sent UST yields firming up, rising back above 2.30% levels. Local reaction was rather muted with MGS yields rising 1bps only despite MYR weakening to 4.2230 levels.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.410 +1.0 - 5-yr 3.595 - 7 7-yr 3.880 +1.0 10 10-yr 3.910 +1.0 - 15-yr 4.345 +0.5 65 20-yr 4.550 - 2 30-yr 4.820 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.510 0.0 3-yr 3.625 -0.5 5-yr 3.740 0.0 7-yr 3.855 1.0 10-yr 3.985 1.5 Source: Bloomberg, AmBank

 

Best regards,

Fixed Income Research & Strategy

AmBank Research, AmBank (M) Berhad

+603 2036 2292 (DL) +03 2031 7218 (Fax)

Level 15, Bangunan AmBank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur

 

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