FW: Fixed Income Daily Pulse - 11 April 2018

 

 

Our sincere apologies for the serious delay.

 

Good Morning,
Yesterday’s trade recap by our trading desk:-
General risk on sentiment overnight after Chinese President Xi’s speech in the Boao Forum to open up markets further and support global trade. Equity spaces rallied across the board while UST traded sideways at 2.80% levels. Onto the local space, bond market remains muted without any catalyst to dictate further direction before the general elections. Traded volume was soft as yields were up slightly at the back end of the curve. MYR on the other hand weakened today to 3.8750 levels on the back of general USD strength. The market will be watching out for the US CPI data to be released tonight and also the 20y GII reopening auction on Thursday.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.480 +1.0 10 5-yr 3.590 - 31 7-yr 3.865 - - 10-yr 3.960 - 7 15-yr 4.440 +2.0 3 20-yr 4.580 +2.5 3 30-yr 4.820 - - Source: BondStream, AmBank	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.750 0.0 3-yr 3.805 -0.5 5-yr 3.870 0.0 7-yr 3.980 0.0 10-yr 4.100 0.0 Source: Bloomberg, AmBank

 

Best regards,

Fixed Income Research & Strategy

AmBank Research, AmBank (M) Berhad

+603 2036 2255 (DL) +03 2031 7218 (Fax)

Level 15, Bangunan AmBank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur

 

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