Today’s
trade recap by our trading desk:-
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· The main talk of the
day was Yellen’s hawkish testimony before congress overnight; reiterating
that 3 hikes this year is very likely in line with the Fed’s forecast. This
resulted in USD strengthening across the board while UST 10y climbed 4bps
overnight. Despite the hawkishness local govvies traded sideways today
on light volume. Yield curve inched up slightly by 1-2bps while MYR remains
just below 4.4500 levels.
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Malaysia
Government Bonds Benchmark Issues
Source:
BondStream, AmBank
|
Interest
Rate Swap Closing Rates
Source:
Bloomberg, AmBank
|
Thursday, February 16, 2017
The main talk of the day was Yellen’s hawkish testimony before congress overnight; reiterating that 3 hikes this year is very
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