· The rally in the MYR bond space since Friday post GDP numbers came to a halt today after hawkis

Good Evening,
Today’s trade recap by our trading desk:-
·         The rally in the MYR bond space since Friday post GDP numbers came to a halt today after hawkish statements by 2 Fed members overnight; saying that it is very possible for the Fed to raise rates as early as next month. UST 10y rose 6bps subsequently. As buying flows in the local bond space stopped today with most traders staying on the sidelines, prices were softer eventually with very thin traded volume. Yield curve ended the day 2bps higher while MYR weakened slightly to 4.0150 levels despite continuous rally in the oil market.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.905 0.0 60 5-yr 3.205 +2.0 6 7-yr 3.420 +2.0 420 10-yr 3.515 +2.0 95 15-yr 3.860 +1.0 93 20-yr 4.160 +2.0 109 30-yr 4.485 +1.5 10 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.325 +0.3 3-yr 3.330 +0.5 5-yr 3.435 +1.0 7-yr 3.570 0.0 10-yr 3.730 +1.0 Source: Bloomberg, AmBank
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