FW: Fixed Income Daily Pulse - 15 February 2018

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Trading activities in the secondary market were relatively quiet as many market participants are away for Chinese new year festive holiday. In morning trade, there were slight selling pressure on the MGS with the yields edging higher by 2-3bps, taking cue from higher UST10y yield after overnight’s CPI number which was higher than market forecast. UST 10y yield spiked by more than 8bps breaking 2.90% and currently trading at 2.92% level. Meanwhile, GII was very well supported with the yields moving upward by only 1bp. Ringgit on the other hand, strengthened by more than 200 pips to close at 3.8950.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.405 - 1 5-yr 3.590 - 23 7-yr 3.965 +2.0 22 10-yr 4.030 +3.0 205 15-yr 4.480 +1.5 123 20-yr 4.640 - 6 30-yr 4.880 - 24 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.760 0.0 3-yr 3.820 -0.5 5-yr 3.913 0.0 7-yr 4.025 -0.5 10-yr 4.150 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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