FW: Fixed Income Daily Pulse - 12 February 2018

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Local bond market started the week on a cautious note as trading activities remain lackluster in paper thin volume. Market interest was skewed towards the short-end to the belly with yields rising over 2bps on the belly of the curve tracking UST movement. Over the weekend, UST 10Y eased to a low of 2.786% before closing at 2.850% levels as bargain hunters emerged to push up equities. Meanwhile, Ringgit ended the day flat at 3.9385. Without any crucial economic indicators due tonight, the market will look at overnight global bonds for guidance tomorrow.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.405 - 125 5-yr 3.615 - - 7-yr 3.945 +2.5 11 10-yr 3.975 +2.5 112 15-yr 4.425 - 90 20-yr 4.585 -2.0 - 30-yr 4.885 - 23 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.750 -1.0 3-yr 3.825 0.0 5-yr 3.910 0.0 7-yr 4.012 0.2 10-yr 4.130 0.0 Source: Bloomberg, AmBank

 

Best regards,

Fixed Income Research & Strategy

AmBank Research, AmBank (M) Berhad

+603 2036 2255 (DL) +03 2031 7218 (Fax)

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

 

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