· Market continue to trade sideways with no new clear directions while the recent he

Today’s trade recap by our trading desk:-
·         Market continue to trade sideways with no new clear directions while the recent headlines on 1MDB missing the $600 payment to IPIC affects the sentiment in the local bond space. MGS closed mixed with secondary traded volume still remain low. WI for the 20y New Issue GII was last seen quoted at 4.85%-4.65% with nothing traded so far.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.290 -1.0 90 5-yr 3.705 - 79 7-yr 3.930 +1.0 80 10-yr 4.010 +1.0 4 15-yr 4.415 - 6 20-yr 4.575 - 0 30-yr 4.800 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.500 0.0 3-yr 3.655 1.5 5-yr 3.765 -0.5 7-yr 3.875 -0.5 10-yr 4.000 0.0 Source: Bloomberg, AmBank