FW: Fixed Income Daily Pulse - 05 December 2017

 

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         A see-saw day in the local markets today as MYR traded to new lows at 4.0480 level before rebounding off the strong support level to end the day at 4.0700 levels. In the bond space, flows were mixed. It started off strongly with firmer prices in the morning as MYR strengthened, then it weakened during the day in tandem with MYR’s movement. Yields ended the day inching higher by 1-2bps on the MGS curve while GII’s eased slightly by 1-2 bps. Focus will be on tomorrow’s 10y MGS auction with WI last quoted at 3.89-87% with nothing done.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.425 +2.0 2 5-yr 3.615 +1.5 235 7-yr 3.890 +1.0 - 10-yr 3.900 - 8 15-yr 4.401 -1.5 - 20-yr 4.605 +1.5 - 30-yr 4.880 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.635 0.0 3-yr 3.738 0.2 5-yr 3.810 -1.5 7-yr 3.930 0.5 10-yr 4.060 0.0 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

 

****************************************************************************************************************************************************************************************************************************************************************************************************************

DISCLAIMER:

This message may contain confidential and privileged information for its intended recipient(s) only. If you are not an intended recipient, you are hereby notified that any review, dissemination, and distribution, printing or copying of this message or any part thereof is strictly prohibited. Please delete the entire message and inform the sender of the error. Any opinions, conclusions and other information in this message that are unrelated to official business of AmBank Group are those of the individual sender and shall be understood as neither explicitly given nor endorsed by AmBank Group.

****************************************************************************************************************************************************************************************************************************************************************************************************************