FW: Fixed Income Daily Pulse - 13 June 2018

 

 

Apologies for the delay.

Good Morning ,
Wednesday’s trade recap by our trading desk:-
After a quiet few days, market activity picked up slightly today, ahead of FOMC rate decision tonight. There was strong buying flows on MGS stocks up to 3y while some demand was seen on other benchmarks as well. While trading volume is still relatively light, it definitely improved over the last few days. Yields ended the day easing 1-2 bps on the front part of the curve. MYR on the other hand weakened slightly today to just below 4.000 levels as market is expecting the Fed to hike rates tonight. The forward guidance after this meeting should give a good indication of Fed hiking 3 or 4 times this year.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.680 -2.0 82 5-yr 3.870 - - 7-yr 4.060 -1.0 - 10-yr 4.230 -1.0 140 15-yr 4.650 +1.0 4 20-yr 4.895 - 10 30-yr 5.000 - - Source: BondStream, AmBank *Closing levels are based on traders’ quotes.	Interest Rate Swap Closing Rates IRS Closing Yield (%) Change (bp) 1-yr 3.735 -0.5 3-yr 3.803 -1.0 5-yr 3.895 -0.5 7-yr 4.000 -1.3 10-yr 4.150 - 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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