FW: Fixed Income Daily Pulse - 16 January 2018

 

 

Good Evening,
Today’s trade recap by our trading desk:-
·         A rather quiet day in the local bond market today as there was no fresh catalyst dictating the markets’ direction while the US market was closed overnight for the Martin Luther King Jr Holiday. The MYR slowed down its momentum, traded mostly sideways from yesterday at 3.9580 levels despite briefly strengthening below 3.9500 in the morning. Flows for the day favored the GII space, leaving MGS yields largely unchanged with lackluster trading activities.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.320 - 3 5-yr 3.530 - 12 7-yr 3.830 - 50 10-yr 3.845 - 40 15-yr 4.385 - 1 20-yr 4.595 - - 30-yr 4.865 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.640 0.0 3-yr 3.760 0.0 5-yr 3.845 1.0 7-yr 3.940 0.0 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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