Market Roundup
- US Treasury yields inched up across the curve, reacting to the stock market gains. The UST yields moved within narrow ranges amid mixed economic data releases ahead of weekend.
- Malaysian sovereign yield curve ended steeper, as thin selling pressure weighed on longer dated bonds, despite short and medium term papers were well supported on Friday.
- THB denominated government bonds moved in mixed directions, amid thinner trading volume of Bt12.0 billion, in contrast to Bt29.7 billion registered a day prior. Upcoming focus will be on the influx of new supplies of LB446A (Bt9 billion) and LB206A (Bt24 billion). Both auctions are scheduled on Oct 21.
- Indonesia government bond market traded up on a flurry of buying action nearing closing hours after spending most of the day range-traded. Intebank foreign banks were seen buying, causing bond market to be active 1-2 hours prior to close, pretty contrasting with very few activities seen in morning session. We think bond market will trade in wide range this week and will be aligned closely with Rupiah movement. Volume dropped to IDR 6.8 trillion only.
- Asian dollar credits were generally well supported along with the gains in regional stock markets on Friday, but gains were limited by expectation of upcoming primary pipelines.
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