Fixed Income Weekly Pulse, 11 Apr 2016

 Highlights of the week:

·         FOMC minutes show that Fed voting members are largely divided in the most recent Fed meeting

·         ECB minutes show that policymakers see scope for further interest rate reductions if the inflation outlook worsens

·         JPY touches its highest level against the US since October 2014 after Japanese officials signal they wouldn’t intervene in an attempt to weaken their currency

·         Concern about a global slowdown put pressure on Ringgit against the USD

Local govvies see short-end of the yield curve edge higher in response to weaker Ringgit Malaysia