FW: Fixed Income Daily Pulse - 13 February 2018

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         It was a rather quiet day in the local bond market today without any fresh catalyst in both domestic and global front. Trading activities today were tepid as most players in the market were staying on the sidelines ahead of major data to be released tomorrow; Malaysia’s Q4 GDP data as well as 2017 full year GDP number (expecting 5.8%) while global markets will be focused on US January CPI data where historically January has been a strong month for CPI numbers. A strong inflation data should see global rates trend higher with the expectation of further rate hikes by the Fed. With MYR trading sideways today, local yields rose slightly by 2bps. Asian markets is expected to be muted until next week ahead of Lunar New Year festive this weekend.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.425 +2.0 0 5-yr 3.615 - - 7-yr 3.965 +2.0 39 10-yr 3.980 +0.5 71 15-yr 4.450 2.5+ 126 20-yr 4.605 +2.0 51 30-yr 4.885 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.750 0.0 3-yr 3.815 -1.0 5-yr 3.905 -0.5 7-yr 4.010 -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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