Market Roundup
- US Treasury yield curve ended flatter, as buying interest emerged amid stock markets correction, pairing with better demand for safe-haven assets before the outcome of Greek bailout negotiation.
- Malaysian government bonds pared gains after the recent rally. Aside, players continue waiting for cue from the Fitch review before the end of June. Apart from that, short dated papers were actively traded, which included MGS Mar’17, Oct’17 and Sep’17.
- Thai govvies posted little gains, amid good demand for the LB616A auction held during mid-week. Daily volume rose from Bt13 billion to Bt20.8 billion, while highlight was on LB196A, LB176A and LB21DA.
- IDR government bond market traded down on profit taking action after yesterday’s rally. Saw some buying and short covering when yield curve went up 10-12bps. However, offshore inflows still seen, caused market to trade higher again. Overall yield curve went up 4-6bps today.
- Asian credits hovered near prior levels, as investors continued to monitor the latest development for Greek debt saga, while focus on the primary market. Baidu’s 5- and 10-year were priced at T+135bps and T+175bps each, while traded about 1bp tighter.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.