FW: Fixed Income Daily Pulse - 20 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         A relatively quiet day in the local bond market today as prices were quoted wide with paper thin trade liquidity. Buy flows were mainly focused on the 3-4 month short term papers as MYR continues its strength today to close at 4.1510 levels. BNM announced the 15Y MGS 4/33 reopening auction with the issue size of MYR2.0bio and additional MYR1.0bio private placement. WI was seen quoted narrowest at 4.69-63% after the announcement with no trades being reported so far.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.570 - 162 5-yr 3.780 - 3 7-yr 3.990 - - 10-yr 4.000 - 2 15-yr 4.670 - 21 20-yr 4.800 - - 30-yr 4.975 - 20 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.650 0.0 3-yr 3.760 -1.0 5-yr 3.845 -1.3 7-yr 3.975 0.5 10-yr 4.090 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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