FW: Fixed Income Daily Pulse - 23 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         The local govvies market is taking a breather after the recent rally with some profit taking activities emerged on the belly part of the curve. Meanwhile, there’s continued buying interests for short-end papers on the back of Ringgit strengths and long-dated papers for yield pick-up. MGS yields closed mixed with the yields for the belly papers rising by 1-3bps while the short and the back end of the curve eased by 2-6bps. Ringgit opened stronger to trade around 4.1000 level before closing at 4.1080. US market is closed for Thanksgiving holiday today. Tomorrow, Department of Statistics will release the CPI YoY figure for the month of October (Est: 4.1%; H: 4.4%; Low: 3.8%).
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.390 -2.0 50 5-yr 3.660 +1.0 - 7-yr 3.920 +2.0 20 10-yr 3.950 +3.0 23 15-yr 4.470 -3.0 - 20-yr 4.630 -6.0 8 30-yr 4.875 -1.0 - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.635 -2.5 3-yr 3.735 0.0 5-yr 3.810 0.5 7-yr 3.920 -4.5 10-yr 4.050 -2.0 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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