· MYR bonds saw slightly firmer prices in the market today on the back of improved risk sentiment

Today’s trade recap by our trading desk:-
·         MYR bonds saw slightly firmer prices in the market today on the back of improved risk sentiment as Wall Street's rose overnight due to stronger than expected home sales data. UST10y yield was little changed overnight; closing at 1.547%. The buying spree continued in the afternoon session after the release of CPI YoY for the month of July which came in at 1.1%, slightly below the expected 1.2%. Liquidity remained thin in the local bond space as yield curve was shifted downwards by 2-4bps at the belly. Meanwhile, on the GII segment there was foreign buying interest on the 15y GII 9/30 with the yield dropping 5bps to close at 3.965%.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.880 +1.0 30 5-yr 3.165 -4.0 76 7-yr 3.425 -2.5 317 10-yr 3.540 -1.0 0 15-yr 3.875 -1.5 72 20-yr 4.175 0.0 70 30-yr 4.470 - 0 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.290 -2.5 3-yr 3.305 -1.5 5-yr 3.405 -2.5 7-yr 3.535 -2.5 10-yr 3.690 -3.0 Source: Bloomberg, AmBank
Local News:
Consumer Price Index rose by 1.1% YoY in July and the overall index was influenced by the decrease in prices of transport (-9.9%), communication (-2.3%) and clothing and footwear (-0.6%).