Market
Roundup
- US Treasuries weakened, post robust retail sales data, after rallying for more than a week. 5T and 10T yields fell by 3bps, due to the higher market sensitiveness.
- Malaysian government bond market remained muted on Monday. Market focus was on 7- and the new 15-year GII benchmarks, which attracted a sum of RM790 million worth of trading volume.
- Thai market closed on Songkran Festival Day.
- Government bond market was quiet today ahead of tomorrow's bond auction. Market drifted lower on lower bids with most of the market players sidelined today. MoF will hold IDR bond auction tomorrow with indicative target IDR 8 trillion. Trading volume decreased significantly to IDR 4.47 trillion on Monday from IDR 10.19 trillion on Friday. FR68 (maturing 2034) and SR06 (maturing 2017) were the most actively traded bonds yesterday.
- Asian dollar credit market was seen with thinner flows on Monday, as investors were sidelined whilst awaiting for new issuances. At the moment, potential issuers included Poly Real Estate and The Bank of East Asia.
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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