FW: Fixed Income Daily Pulse - 5 April 2018

 

 

Our sincere apologies for the delay.

Good Morning,
Thursday’s trade recap by our trading desk:-
Overnight Global Markets witnessed risk-on sentiments as trade war tension eased on the back of White House’s willingness to negotiate with China. UST 10Y ticked higher to 2.820% levels while equities regained buying momentum, paring earlier losses. The local bond market on the other hand remained muted as uncertainties vis-à-vis trade tensions still lingers. Flows were skewed towards the belly of the curve with yields largely unchanged. On the currency front, MYR also traded sideways today, closing at 3.8660 levels. Malaysia’s parliament is expected to be dissolved Friday, to make way for the upcoming elections.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.460 - - 5-yr 3.560 - 20 7-yr 3.850 +1.0 50 10-yr 3.955 +1.0 167 15-yr 4.420 - - 20-yr 4.555 - 11 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 1.0 5-yr 3.870 0.5 7-yr 3.973 1.3 10-yr 4.095 1.5 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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