FW: Fixed Income Daily Pulse - 15 March 2018

 

 

Our sincere apologies for the delay.

Good Morning,
Yesterday’s trade recap by our trading desk:-
·         UST eased 3bps overnight to 2.80%, in reaction to a weak retail sales data which resulted in analysts revising their GDP forecast lower. When the local market opened this morning, bond prices were firmer with bid prices seen at yesterday’s offer levels. However, once the buying flows stopped, profit takers emerged, earlier gains were pared as yields ended the day within a 1bps range. MYR on the other hand traded weaker today towards 3.9200 levels; with the market seeing heavy USD buying flows on the back of this move.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.400 - - 5-yr 3.570 - 60 7-yr 3.825 -1.0 190 10-yr 3.930 -1.5 372 15-yr 4.420 +1.0 62 20-yr 4.565 +1.5 - 30-yr 4.780 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.745 -0.5 3-yr 3.795 -2.0 5-yr 3.855 -1.5 7-yr 3.965 -2.5 10-yr 4.100 -2.0 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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