FW: Fixed Income Daily Pulse - 28 November 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         A muted day in the local markets today with main focus on the 5y GII reopening auction. It was a relative weak auction with muted demand, closing with a BTC of 1.715x and averaging 3.872%, 4 bps higher from last reported trade. Post auction, the stock was seen traded at 3.88% level with paper thin trading volume in the secondary market. On the other hand, MYR strengthened by over 100pips during the afternoon session today to 4.1030 levels. This is in tandem with other regional currencies as well after initial declines on the back of earlier concerns in the North Korea region.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.440 +2.0 6 5-yr 3.700 +3.5 1 7-yr 3.955 +3.5 - 10-yr 3.975 +2.5 32 15-yr 4.490 -1.5 31 20-yr 4.650 - - 30-yr 4.875 - 2 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.635 0.0 3-yr 3.735 -1.0 5-yr 3.820 -0.5 7-yr 3.940 0.1 10-yr 4.060 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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