FW: Fixed Income Daily Pulse - 15 January 2018

 

 

Good Morning,
Today’s trade recap by our trading desk:-
·         On the back of weakness of the greenback, the local bond market started the week on a stronger note in tandem with MYR strengthening to 3.9560 levels. While prices firmed slightly, trading activity was rather lukewarm during the day with US markets away on holiday today. Most flows for the day were focused from the short-end to the belly of the curve as yields ended the day largely unchanged. With key data releases this week and US returning from holiday tomorrow, expect market activities to pick up further into the week.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.320 - 45 5-yr 3.530 - 266 7-yr 3.830 -0.5 29 10-yr 3.845 - 35 15-yr 4.385 - 10 20-yr 4.595 - - 30-yr 4.865 - 3 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.640 0.5 3-yr 3.760 0.0 5-yr 3.835 0.0 7-yr 3.940 -0.5 10-yr 4.060 -1.0 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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