Fixed Income Weekly Pulse, 23 May 2016

 Highlights of the week:

·         Both US economy and the Fed have made a stronger case for higher interest rates

·         ECB reiterates a resolve to implement the full does of its monetary medicine of negative interest rates and bond purchases

·         Japan’s economy grow at an annual rate of 1.7% over the first quarter

·         Steady crude oil prices and BNM’s decision to keep OPR steady help to decrease the depreciation pressure on Ringgit Malaysia

·         Malaysia govvies  see some selloff on the front end of the yield curve