Good Morning,
Market Roundup
- US Treasuries posted little gains on end-month demand, in conjunction with mixed economic releases. 10T yield was pushed lower to test 1.93% late Tuesday, from a mid-day high of 1.97%.
- Ringgit government bonds strengthened on the back of decent buying interest, particularly along the bellies of the curve. Market focus was on MGS Sep’22, which closed 3bps lower at 3.77%. Elsewhere, the IRS curve was held almost unchanged, while the 3-month KLIBOR stood at 3.73%.
- Thai government bond yields hovered at prior levels, while we noted the longer dated bonds received thin bidding interest on Tuesday. Aside, short term IRS rates inched higher, amid better paying interest.
- Indonesia government bond yield curve went up on auction day as government issued 70% of total bond issuance to FR70 (10-year) and FR68 (20-year) on Tuesday. However market was well supported, rebounded from highest yield awarded in the auction day, traded up to current level with persistent bid appeared in both 10-year and 20-year benchmark bonds, limiting the upside movement of yield curve. Trading volume jumped to IDR13.9 trillion.
- Asian credit market ended flat amid thinner transaction on Tuesday. However, China HY segment was lifted by potential easing move from PBoC, despite the positive flows were capped by cautious trading ahead of Friday’s NFP report. Shimao Feb’22 tightened by about 3bps to 7.93%, while Times Property Mar’19 traded 2bps lower at 11.97%.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.