MGS benchmarks was largely unmoved with the bid-offer prices being quoted wide despite the volatility in FX as well as UST 10y today due to surprise win for Donald Trump in the US Presidential Election. However, there wa

Good Evening,
Today’s trade recap by our trading desk:-
·         MGS benchmarks was largely unmoved with the bid-offer prices being quoted wide despite the volatility in FX as well as UST 10y today due to surprise win for Donald Trump in the US Presidential Election. However, there was some selling pressure in the GII space with the yield rising by 2-5bps before buyers emerged to buy on dips. Trading activity was mostly focused among the GII benchmarks today.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.030 - - 5-yr 3.360 +2.0 30 7-yr 3.550 0.0 4+ 10-yr 3.675 0.0 7 15-yr 4.120 +3.0 0 20-yr 4.335 0.0 1 30-yr 4.625 0.0 9 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.325 -1.5 3-yr 3.385 -1.5 5-yr 3.540 -0.5 7-yr 3.680 +0.5 10-yr 3.905 -0.5 Source: Bloomberg, AmBank
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