FW: Fixed Income Daily Pulse - 21 December 2017

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Overnight headlines focused on Trump administration’s first major legislative victory in US Tax Reform which further boost risk-on sentiments in major DMs. Global bond yields mostly ticked higher with UST 10Y rising to a 9-months high of 2.50% before stabilizing at 2.47% levels at midday. Despite substantial movements in global bonds, the local bond market remained muted throughout the day. While there were some buying interest for benchmark stocks, prices were quoted wide with lackluster trading activities.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.375 - 61 5-yr 3.640 - 62 7-yr 3.905 -0.5 10 10-yr 3.950 - 2 15-yr 4.435 - 1 20-yr 4.645 - - 30-yr 4.900 - 13 Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.650 1.5 3-yr 3.750 0.5 5-yr 3.830 0.5 7-yr 3.940 -1.3 10-yr 4.070 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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