FW: Fixed Income Daily Pulse - 11 June 2018

 

 

Apologies for the delay.

Good Morning ,
Monday’s trade recap by our trading desk:-
This week is probably the most important week of the year for the global economy with many major events on the calendar. It starts off with Trump and Kim’s summit in Singapore, then followed by central banks meeting in the US, EU and Japan. A rate hike by the Fed is all but priced in, its forward guidance will be very much scrutinized upon while ECB’s meeting will be pivotal on the timeline for stimulus unwinding. Despite the week started off in a muted fashion ahead of all these event risks, markets will definitely start moving by the end of this week. In the local space, ahead of Hari Raya festives at the end of the week, trading activity was very limited with yields largely unchanged. Expect market to be quiet until next week after the Raya celebrations are over.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.715 -1.5 44 5-yr 3.870 - - 7-yr 4.070 - - 10-yr 4.240 - - 15-yr 4.640 - - 20-yr 4.895 - 30 30-yr 5.000 - - Source: BondStream, AmBank *Closing levels are based on traders’ quotes.	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.740 - 3-yr 3.805 - 5-yr 3.905 1.5 7-yr 4.000 0.5 10-yr 4.150 - 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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