· With Singapore banks closed due to a bank holiday there, foreign flows were close to nothing

Today’s trade recap by our trading desk:-
·         With Singapore banks closed due to a bank holiday there, foreign flows were close to nothing as the market continue to trade sideways with the local players on the sidelines as well. Volume for benchmarks traded were mostly below RM50mio each apart from the 7Y MGS which recorded RM110mio; probably the lowest volume seen over the month. MYR strengthened today in tandem with a rally in oil prices as OPEC president made a statement saying that the cartel would meet next month while oil prices would rebound by year end; WTI rose by 3% after that.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 2.980 0.0 3 5-yr 3.255 +0.5 36 7-yr 3.480 -1.0 135 10-yr 3.640 -0.5 28 15-yr 3.965 0.0 4 20-yr 4.225 0.0 141 30-yr 4.520 -0.5 220 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.365 +2.0 3-yr 3.395 +1.0 5-yr 3.520 -0.5 7-yr 3.670 +1.5 10-yr 3.850 0.0 Source: Bloomberg, AmBank
Local News:
None.