FW: Fixed Income Daily Pulse - 13 December 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Gearing up for FOMC’s rate decision and statement tonight, local market remained muted throughout the day. Trading volume was paper thin was yields remained flat across the curve apart from the 3y which eased 2bps on the back of a small buying flow. MYR on the other hand weakened today to 4.0870 levels with many traders covering some of their short position ahead of the expected rate hike by the Fed. With a rate hike 100% priced in, focus will on the statement and dot plots after the meeting. It would give an indication of the hawkishness of the Fed into 2018.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.405 -2.0 17 5-yr 3.640 - - 7-yr 3.910 - 17 10-yr 3.970 -1.0 - 15-yr 4.440 - - 20-yr 4.645 - - 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 0.0 5-yr 3.840 2.0 7-yr 3.955 2.1 10-yr 4.075 1.5 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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