FW: Fixed Income Daily Pulse - 11 January 2018

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         Despite rising major yields in global major markets overnight, MYR markets is resilient today and pared losses after 2 days of selling pressure. While MYR strengthens to close at 3.9880 levels, strong buying flows were seen across MGS/GII benchmarks, concentrated on the 5y-15y stocks. Yields ended the day 1-2bps lower across the curve. The reopening auction for 5y GII will be held tomorrow, some buying was seen in WI space today, last traded 3.83%.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.350 -0.5 258 5-yr 3.555 -2.5 92 7-yr 3.855 -0.5 140 10-yr 3.875 -1.0 10 15-yr 4.385 -2.0 10 20-yr 4.605 -2.5 - 30-yr 4.865 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.640 -0.5 3-yr 3.760 0.0 5-yr 3.840 0.0 7-yr 3.955 1.0 10-yr 4.055 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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