Market Roundup
- US Treasury yield curve ended steeper, reversing partial dips in yields recorded a day prior, in conjunction with higher equity and crude oil prices. However, we think the rise in yields were relatively marginal, in contrast to the Brent crude oil, which leaped by more than 6% and closed at $41.94/bbl.
- Ringgit sovereign bonds posted losses, weighed by profit taking activities. Meantime, trading activities were slanted towards short and medium term papers, while daily volume came at RM2.8 billion, compared to RM4.1 billion registered in previous day.
- Thai govvies extended losses amid relatively thinner trading interest. Daily volume further shrank from Bt27.2 billion to Bt16.7 billion ahead of weekend. On the other hand, THB was firm against USD, as USD/THB edged lower to 35.10, from 35.20 recorded a day prior.
- Indonesian longer dated government bond (15- to 20-year) yields went lower on some interbank buying, supply looks scarce on those tenors. The rest of the curve were traded mixed with no apparent flows. Seems like bond players are eager to see how market will respond to this Tuesday's bond auction, with 20-year benchmark bonds absent from the auction.
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