· Bearish sentiment in the market continued today as no there was no new leads on where the market is

Today’s trade recap by our trading desk:-
·         Bearish sentiment in the market continued today as no there was no new leads on where the market is headed to. Local bond saw softer prices today as WI was hit another 4 bps higher in preparation for tomorrow’s auction while lead to selling pressure among other benchmarks as well. Despite the bearishness, the market is still supported as buyers emerged to buy on dips. Trading activity was mostly focused among the GII benchmarks today. WI was last quoted 3.465-455 despite being given at 3.47 numerous times.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.975 +1.5 1 5-yr 3.240 0 460 7-yr 3.470 +3.5 84 10-yr 3.615 +1.0 30 15-yr 3.945 +1.0 100 20-yr 4.200 - - 30-yr 4.515 0 20 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.350 -0.5 3-yr 3.375 0.0 5-yr 3.485 -0.5 7-yr 3.630 0.5 10-yr 3.800 1.0 Source: Bloomberg, AmBank
Local News:
·        None.