Fixed Income Weekly Pulse, 16 May 2016

 Highlights of the week:

·         US dollar strengthens on the back of hawkish comments from few FOMC voting members

·         Bearish macro flows are highlighting the Eurozone’s weak fundamental shape

·         BoJ minutes raise the possibility of additional easing

·         Selling pressure on Malaysian ringgit continues over equity selling and weaker macro numbers

·         Local govvies  see strong rally on the front end of the yield curve on the back of the recovery in crude oil prices