FW: Fixed Income Daily Pulse - 14 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         On local bonds, main focus today was the RM 3.0B 10-year GII 7/27 tender. The tender garnered a bid-to-cover of 1.832x averaging at 4.347%; ranging from 4.370%-4.300%. Post tender, the stock was traded +3bps higher than tender average before closing at 4.353% as there were buying flows on the MGS 7y and 10y in late afternoon. There was also continued foreign buying flows on the short-ends with the yields easing to 2.69% low.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.540 - 6 5-yr 3.805 - 14 7-yr 4.000 -7.0 4 10-yr 4.050 +3.5 1 15-yr 4.750 - - 20-yr 4.780 - 5 30-yr 4.975 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.635 -1.0 3-yr 3.740 -3.0 5-yr 3.830 -1.5 7-yr 3.955 -1.0 10-yr 4.075 0.5 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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