· US jobs data came in strongly late Friday, with the NFP coming in +255k vs +180k expected while

Good Evening,
Today’s trade recap by our trading desk:-
·         US jobs data came in strongly late Friday, with the NFP coming in +255k vs +180k expected while the average hours wages also grew. This sparked a sell off in US treasuries with the 10Y gaining 10bps. However, despite the strong job data, many still thinks a hike in September is very unlikely due to the upcoming elections in the US. It was a lackluster day in the local bond market with very low volume traded. Yields were largely unchanged from Friday’s close despite the movement in UST.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.980 +0.5 0 5-yr 3.250 - - 7-yr 3.490 -0.5 210 10-yr 3.645 0.0 20 15-yr 3.965 -1.5 60 20-yr 4.225 - - 30-yr 4.525 +0.5 0 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.345 +0.5 3-yr 3.385 +1.5 5-yr 3.525 +2.0 7-yr 3.655 +3.0 10-yr 3.850 +3.0 Source: Bloomberg, AmBank
Local News:
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