Market
Roundup
- US Treasuries strengthened further, reacting to the lower equity and crude oil prices, pairing with mixed economic data releases. The 10T edged higher to 1.82% following the spike in crude oil during mid-day. However, it dipped to close lower at 1.78% in conjunction with the lower oil prices. Brent crude oil dipped from $44.97/bbl to $44.62/bbl.
- Malaysian sovereign papers were under pressure on the back of weaker Ringgit, as USD/MYR touched the psychological level of 4.00. Furthermore, players may prompt for profit taking ahead of the Friday’s US NFP number, in our opinion. Elsewhere, WI for the 15-year GII was last heard at 4.45/30%.
- Thai govvies closed slightly firmer, recovered a tad from prior losses. However, daily volume remained light at Bt8.4 billion as players were staying along the sideline ahead of the long weekend. Focus was on shorter dated LB176A and LB21DA, pairing with longer dated LB25DA.
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