· There was a rally overnight in the UST space and USD weakened on the back of Mnuchin’s comments on Trump’s policies to have limited impact to the market this year. T

Good Evening, We apologise for the delay due to some technical issues on Friday,24th February 2017.
Today’s trade recap by our trading desk:-
·         There was a rally overnight in the UST space and USD weakened on the back of Mnuchin’s comments on Trump’s policies to have limited impact to the market this year. This resulted in local govvies market continue to see strong buying flows, with focus on the back end of the curve today. WI was bought at 4.69 and 4.67 level and last quoted at 4.68-66. Should expect a very strong auction this coming Monday on the 30Y MGS reopening. The week closed with MYR strengthening further to 4.4420 levels today.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.325 0.0 10 5-yr 3.710 0.0 20 7-yr 3.915 0.0 44 10-yr 4.025 -2.0 374 15-yr 4.435 -2.0 393 20-yr 4.590 -1.5 16 30-yr 4.680 -4.5 40 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