· Morning session in the local market today was relatively quiet with nothing much traded. However, during the afternoon se

Today’s trade recap by our trading desk:-
·         Morning session in the local market today was relatively quiet with nothing much traded. However, during the afternoon session, there was selling pressure across the whole curve in tandem with rising global yields led by Bunds and UST. This foreign driven selling pressure saw the curve rising 4-7bps across by the end of the day. The new 5Y MGS auction will be closing tomorrow and WI was traded at 3.87-85 levels today with over RM100mio done. WI was last quoted 3.880-865 at close.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.450 +7.0 100 5-yr 3.880 +3.0 - 7-yr 4.105 +7.5 168 10-yr 4.170 +4.5 35 15-yr 4.560 +4.0 152 20-yr 4.730 +2.5 65 30-yr 4.850 +5.0 22 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.530 0.0 3-yr 3.685 1.5 5-yr 3.850 3.5 7-yr 3.965 3.5 10-yr 4.110 3.0 Source: Bloomberg, AmBank