Good Evening, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Today’s trade recap by our trading desk:- | |||||||||||||||||||||||||||||||||||||||||||||||||||
· There was a dovish taper from the ECB meeting yesterday, which saw the EUR easing to 1.1630 levels and USD strengthening across the board. UST yields also rebounded and shot up to 2.46% levels. In the local bond space, market was pretty quiet as most players stay on the sidelines ahead of Najib’s Budget announcement which is ongoing now at time of writing. Major headlines included Malaysia’s GDP to grow 5.2%-5.7% this year and 5.0%-5.5% in 2018 while CPI will average 2.5%-3.5% in 2018, easing from 3%-4% this year. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Malaysia Government Bonds Benchmark Issues
Source: BondStream, AmBank | Interest Rate Swap Closing Rates
Source: Bloomberg, AmBank |
Best regards,
Fixed Income Research & Strategy
AmBank Research, AmBank (M) Berhad
+603 2036 2292 (DL) +03 2031 7218 (Fax)
Level 15, Bangunan AmBank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur
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