· After a neutral FOMC minutes overnight, the mar

Today’s trade recap by our trading desk:-
·         After a neutral FOMC minutes overnight, the market started the day with strong demand on stocks at the back end of the curve. While the rest of the curve traded sideways, bids were still strong while profit takers were out selling some stocks. Yield curve ended the day 1-2.5 bps lower at the back while front to belly remained neutral. 30Y MGS reopening was announced today with a RM2.0bio to be issued while a further issuance of RM1.0bio to be privately placed to identified subscriber by the Minister of Finance. WI was quoted 4.75-65 with nothing done at close.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.325 0.0 60 5-yr 3.710 0.0 97 7-yr 3.915 0.0 167 10-yr 4.045 0.0 47 15-yr 4.455 -2.5 114 20-yr 4.605 -1.5 17 30-yr 4.725 -1.0 30 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.490 -0.5 3-yr 3.625 0.0 5-yr 3.780 -1.0 7-yr 3.895 -0.5 10-yr 4.060 -0.5 Source: Bloomberg, AmBank