A rather quiet start to the week after seeing high volumes daily over the past weeks.

Good Evening,
Today’s trade recap by our trading desk:-
·         A rather quiet start to the week after seeing high volumes daily over the past weeks. Profit takers emerged during the day and started selling bit by bit in the market. Market is still supported as bargain hunters came in to buy on dips while there was buying flows on the short ends after MYR weakened over the weekend to 3.97 levels. The back end of the curve went up by 2 bps in the absence of flows as MGS yields started to stabilize around current levels.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.870 -2.5 210 5-yr 3.155 -0.5 314 7-yr 3.375 -1.5 345 10-yr 3.570 +0.5 139 15-yr 3.895 +2.0 143 20-yr 4.125 0.0 4 30-yr 4.515 +2.5 1 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.360 0.5 3-yr 3.390 -0.5 5-yr 3.470 1.0 7-yr 3.595 1.0 10-yr 3.750 0.0 Source: Bloomberg, AmBank
Local News:
·         None.