Local govvies saw prices soften slightly on a quiet start to the week with little trades done in the secondary market. Sentiment continue to be weak following rising g

Good Evening,
Today’s trade recap by our trading desk:-
·         Local govvies saw prices soften slightly on a quiet start to the week with little trades done in the secondary market. Sentiment continue to be weak following rising global long-term yields and broader dollar strength. Ringgit was traded 150 pips higher to close around 4.2200 level; while the 10-year US Treasury yield was up 1bp during Asian trading session.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.000 0.0 10 5-yr 3.350 +3.0 0 7-yr 3.530 0.0 19 10-yr 3.630 -1.0 10 15-yr 4.070 - - 20-yr 4.160 0.0 2 30-yr 4.480 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.375 +1.5 3-yr 3.455 +4.0 5-yr 3.615 +6.0 7-yr 3.775 +4.5 10-yr 3.980 +7.0 Source: Bloomberg, AmBank
Local News:
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