· NFP number last Friday evening came in weaker than expected at +138k vs +182k ex

Today’s trade recap by our trading desk:-
·         NFP number last Friday evening came in weaker than expected at +138k vs +182k expected. UST resultantly saw a rally of 6bps towards 2.15%, breaking a few technical lines along the way. In the local market, the week started with prices firmer on the front end of the curve in tandem with a stronger MYR at 4.2630 levels after USD was sold post NFP. There was buying interest by foreign accounts today on certain stocks at the belly of the curve as the yield curve eased by 1-1.5bps at the front to belly while the back end was unchanged. Traded volume remained lackluster although slight improvement from the muted activity last week.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.290 -1.5 21 5-yr 3.560 -1.0 139 7-yr 3.820 -1.5 - 10-yr 3.880 -1.5 141 15-yr 4.325 - 133 20-yr 4.570 - 0 30-yr 4.770 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.510 -1.5 3-yr 3.630 -1.0 5-yr 3.705 -1.5 7-yr 3.815 -1.5 10-yr 3.965 -1.5 Source: Bloomberg, AmBank