FW: Fixed Income Daily Pulse - 07 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         MGS market traded range bound today with yields largely unchanged. Trading activities improved slightly on stronger Ringgit as oil climbed to two-year high while USD weakened across the board on uncertainties related to US tax reforms. There were small buying interests in the GII space for 5y and 7y papers with yields dropping by 2bps. News on the local front, BNM October YTD international reserves was released during the day at USD101.4b (Sep: USD101.2b).
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.490 - 40 5-yr 3.730 +1.0 - 7-yr 3.980 -0.5 10 10-yr 4.020 - 10 15-yr 4.535 - 81 20-yr 4.720 - - 30-yr 5.000 - 23 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.515 -1.0 3-yr 3.650 0.0 5-yr 3.775 -0.5 7-yr 3.890 0.0 10-yr 4.010 -2.0 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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