FW: Fixed Income Daily Pulse - 12 December 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         The bond market continues to trade sideways and waiting for a catalyst for its next move while many continue to stay on the sidelines awaiting FOMC meeting on Wednesday night. BNM announced the new issue of the 15y GII benchmark maturing on June 2033 with RM2.0bio up for tender and another RM0.5bio privately placed. WI was seen bid at 4.75% earlier today. Malaysia’s Industrial Production YoY for the month of October was released today and came in below forecast at 3.4% (Forecast: 4.1%; Prior: 4.7%). However, market remain muted after the release of data. Bond yields and Ringgit closed relatively unchanged at the end of the day.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.425 - 3 5-yr 3.640 - 4 7-yr 3.910 - - 10-yr 3.980 - 12 15-yr 4.440 - 19 20-yr 4.645 - 15 30-yr 4.900 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.645 0.0 3-yr 3.745 1.5 5-yr 3.820 0.0 7-yr 3.935 0.5 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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