FW: Fixed Income Daily Pulse - 24 November 2017

 

 

Good Morning,
Friday’s trade recap by our trading desk:-
·         After an action packed few days in the market, it quiet down ahead of the weekend after US and JP markets took a break yesterday for Thanksgiving, while many extending their holidays over the long weekend. MYR weakened slightly to 4.1160 level today after a weaker than expected CPI data in the afternoon; it came in at 3.7% vs 4.1% expected. Local bonds traded sideways with rather muted trading activity while demand remains strong on the short term maturities 1y and below; with over RM2.5bio volume reported on these bonds.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.390 - 30 5-yr 3.660 - 90 7-yr 3.920 - 5 10-yr 3.950 - 30 15-yr 4.480 +1.0 - 20-yr 4.640 +1.0 - 30-yr 4.875 -1.0 - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.635 0.0 3-yr 3.730 -0.5 5-yr 3.810 0.0 7-yr 3.925 0.5 10-yr 4.060 1.0 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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