As FOMC’s rate decision is due tonight, most market players are staying on the sidelines today as trades were few and far between. H

Good Evening,
Today’s trade recap by our trading desk:-
·         As FOMC’s rate decision is due tonight, most market players are staying on the sidelines today as trades were few and far between. However, we still saw some selling pressure at the back end of the curve as traders look to de-risk further after some polls has showed Trump is ahead of Clinton for the first time since May on the Presidential Race due next week. All in all, it was a lackluster day as MYR weakened slightly as well with the MGS curve gaining 1-2bps across.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.030 +2.0 0 5-yr 3.340 +1.0 0 7-yr 3.525 +1.0 0 10-yr 3.650 +2.0 45 15-yr 4.065 +0.5 78 20-yr 4.315 -0.5 11 30-yr 4.625 +2.5 60 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.345 +1.0 3-yr 3.405 +0.5 5-yr 3.525 -0.5 7-yr 3.695 -0.5 10-yr 3.920 -1.0 Source: Bloomberg, AmBank
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