Monday, April 21, 2014

CIMB Daily Fixed Income Commentary - 21 April 2014


Market Roundup
  • US market closed on Good Friday holiday.
  • Muted Malaysian government bond market, as players were away from desks on Good Friday holiday. Sovereign yield curve was pretty firm, despite the overnight heavy selling pressure in US market.
  • Thai government bond yield curve flattened as players were seen selling on the medium to long term bonds, whilst 5-year note posted gain as yield dropped by 4bps to close at 3.12%. Trading volume further inched up by 6% to THB1.11 trillion on Friday. On the flip side, SA segment dominated with 79% of market share. Aside, most actively traded bond was short dated CB14506A.
  • Indonesian market closed on Good Friday holiday.
  • Asian dollar credit market was muted, as traders were away from desks for long weekend. Meanwhile, bond prices were pretty unchanged due to the thin trading flows.


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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