FW: Fixed Income Daily Pulse - 13 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         The local bond market started the week in lackluster mode although MYR continue to strengthen today, below 4.1900 levels. Demand on the short term papers remains strong for MYR play while small buying flows were seen on the 7y MGS which eased by 1bps today. Overall curve was largely unchanged although the 10-15y was bided 3-4 bps higher with nothing done. Focus will be on the 7Y GII auction tomorrow. WI was seen traded at 4.32-28 range today, +4bps higher from Friday close.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.540 - 21 5-yr 3.805 - 2 7-yr 4.025 +1.0 50 10-yr 4.120 +3.5 0 15-yr 4.750 +4.0 6 20-yr 4.780 - 20 30-yr 4.975 - 1 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.645 -2.0 3-yr 3.770 -0.5 5-yr 3.845 -0.5 7-yr 3.965 0.0 10-yr 4.070 0.0 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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