FW: Fixed Income Daily Pulse - 21 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Trading activity in the local bond space improved today albeit rather slowly. Prices were quoted firmer with yields easing 1-3bps from short to belly of the curve. Trade flows were still skewed towards the short end as MYR continued its momentum which closed at 4.1390 levels dropping by 100pips. Key focus tomorrow is on 15Y MGS 4/33 reopening auction which shed 7.0bps mid-day traded at 4.60% level. WI was last quoted at 4.60-50%. Data on Malaysia Oct CPI will also be released tomorrow with median expectation of 4.1% (High: 4.4%; Low: 3.8%).
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.570 -1.0 330 5-yr 3.780 -1.0 - 7-yr 3.970 -2.0 49 10-yr 4.970 -3.0 10 15-yr 4.600 -7.0 21 20-yr 4.750 -5.0 - 30-yr 4.950 -2.5 - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.645 -0.5 3-yr 3.740 -2.0 5-yr 3.810 -3.5 7-yr 3.930 -4.5 10-yr 4.065 -2.5 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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