Wednesday, January 3, 2018

Fwd: Fixed Income Daily Pulse - 3 January 2018


 

Good Evening,

 

Today's trade recap by our trading desk:-

 

·         The local bond market was rather quiet today as volume was tepid in the MGS space. Market flows was however skewed towards the GII space where yields inched up 1-2bps on key Islamic benchmark stocks. MYR on the other hand traded pretty much sideways throughout the day around 4.0220 levels. Key overnight event will be the release of FOMC December Minutes while focus tomorrow will be the 20Y MGS 4/37 Re-opening Auction. WI was last quoted at 4.62%-4.52% with nothing done.

 

 

Malaysia Government Bonds Benchmark Issues

MGS

Closing Level (%)

Change (bp)

Volume (RM m)

3-yr

3.350

+1.0

10

5-yr

3.530

+1.5

19

7-yr

3.890

+2.0

20

10-yr

3.910

+0.5

3

15-yr

4.425

-

10

20-yr

4.580

-

-

30-yr

4.850

-

5

Source: BondStream, AmBank

Interest Rate Swap Closing Rates

IRS

Closing Yield (%)

Change (bp)

1-yr

3.645

0.0

3-yr

3.750

1.0

5-yr

3.835

1.5

7-yr

3.930

-0.5

10-yr

4.065

0.5

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

<image002.png>


****************************************************************************************************************************************************************************************************************************************************************************************************************

DISCLAIMER:

This message may contain confidential and privileged information for its intended recipient(s) only. If you are not an intended recipient, you are hereby notified that any review, dissemination, and distribution, printing or copying of this message or any part thereof is strictly prohibited. Please delete the entire message and inform the sender of the error. Any opinions, conclusions and other information in this message that are unrelated to official business of AmBank Group are those of the individual sender and shall be understood as neither explicitly given nor endorsed by AmBank Group.

****************************************************************************************************************************************************************************************************************************************************************************************************************


<030118-Fixed Income Daily Pulse.pdf>

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Related Posts with Thumbnails