Market
Roundup
- The 2-year treasury notes again anchored at its prior levels, while yields of the longer end of the curve came down a tad lower on Friday, amid the positive data shown in housing market.
- Malaysian government bond yields ended lower amid thin trading volume ahead of weekend. This week, we anticipate the market focus will be on the incoming reopening of the 10-year MGS, which is expected to be announced on next Tuesday.
- Thai government bond yields inched up at the long end of the curve, amid heavy selling pressure exerted by the foreign players. Trading volume rose by 3%, amounted to THB974 million. We noted that players showed decent trading interest at CB14610A and LB176A throughout the day.
- IDR denominated government bond market hovered at prior levels on Friday. Trading activities dropped to IDR4 trillion from IDR10.60 trillion a day ago. There were lacking of strong catalysts on the day and hence players did not take any significant action ahead of auction.
- Market focus was on Thai dollar credits, which were a tad weaker as investors worried on the impact of coup staged on late Thursday. Kasikornbank Oct’19 was traded 1bp wider to 184bps, while Bangkok Bank Oct’18 further widened by 8bps to 143bps ahead of weekend.
Best Regards,
CIMB Fixed Income Research
Corporate Banking, Treasury and Markets
Tel: +603 2261 8888 | Fax: +603 2261 8705
www.cimb.com
Connect with us on Facebook: www.facebook.com/CIMBGroup or follow us on Twitter: www.twitter.com/CIMB_Assists
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.