· Buying mode in the market continued today as MYR started the day weaker than yesterday’s close

Good Evening,
Today’s trade recap by our trading desk:-
·         Buying mode in the market continued today as MYR started the day weaker than yesterday’s close at 4.0450/00 and ended the day 300pips stronger at 4.0150/00 levels. Focus during the day was on the 10Y MGS auction with RM3bio issued. The auction saw a decent BTC of 1.752x and averaging 3.563. Post auction, the bond traded around 3.55% range with demand stronger on the long end bonds as the back end of the MGS curve eased by 4bps. Traded volume during the day was rather weak as market staying on the sidelines in view of upcoming symposium at Jackson Hole in which Yellen will be speaking.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.880 0.0 20 5-yr 3.140 -2.5 40 7-yr 3.420 -0.5 140 10-yr 3.560 +2.0 1287 15-yr 3.880 +0.5 10 20-yr 4.130 -4.5 184 30-yr 4.430 -4.0 46 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.290 0.0 3-yr 3.315 1.0 5-yr 3.420 1.5 7-yr 3.555 2.0 10-yr 3.705 1.5 Source: Bloomberg, AmBank
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