· After a mid-week break in the local market, the market continued in a quiet manner as m

Today’s trade recap by our trading desk:-
·         After a mid-week break in the local market, the market continued in a quiet manner as most are on the sidelines in anticipation of the outcome for the MPC meeting tomorrow where it is widely expected that BNM would keep OPR rates unchanged. Traded volume was paper thin today with yields ending the day largely unchanged from Tuesday’s close
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.305 - 13 5-yr 3.585 - 10 7-yr 3.860 - 144 10-yr 3.950 -                  132 15-yr 4.400 +1.0 120 20-yr 4.685 +1.0 2 30-yr 4.770 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.530 -0.5 3-yr 3.725 7.0 5-yr 3.765 0.2 7-yr 3.860 -0.5 10-yr 4.020 0.0 Source: Bloomberg, AmBank