Fixed Income Weekly Pulse, 06 July 2015

 Highlights of the week:

·         US dollar get off to a firm start with end of month activity, positioning and book balancing

·         EU reject Greece’s request for a two-year extension to their bailout plan

·         Q2 Tankan report comes in stronger than expected

·         Fitch Ratings reaffirms Malaysia’s long term issuer default rating of A- and revises its outlook to stable from negative

·         Trading activities in local govvies are heavier compared to the last 3 weeks as markets react on Fitch announcement