Market
Roundup
- US Treasuries posted gains along the curve, as players continued pricing in the impact of weaker-than-expected nonfarm payroll figure, amid lacking of major market driver at this juncture.
- Malaysian government bonds strengthened post softer-than-expected US job data on Friday. We noted decent two-way flows along the curve bellies as players were seen with better buying after seeing the US Treasuries strengthened ahead of weekend. Aside, the newly issued SPK Oct’21 posted little gain of 1bp amid decent buying interest.
- Thai bond market closed on Monday’s Charkri Memorial Day.
- IDR denominated government bond moved mixed on Monday. We saw that the market was less volatile and trading volume was thin. Yields hovered at previous level, moving slightly on the day due to no strong catalyst and players also awaited BI rate announcement. On the day, foreign currency reserves data released end of the day. The figure declined slightly to USD102.59 billion from USD102.74 billion in the prior month due to repayment of global bonds.
- Dollar credit market was seen with better trading flows, as compared to the muted market on Friday, due to the cautious sentiment ahead of nonfarm payroll announcement.
Best Regards,
CIMB Fixed Income Research
Corporate Banking, Treasury and Markets
Tel: +603 2261 8888 | Fax: +603 2261 8705
www.cimb.com
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