FW: Fixed Income Daily Pulse - 27 June 2018

 

 

Apologies for the delay.

Good Morning ,
Wednesday’s trade recap by our trading desk:-
In the local bond space, market interests were focused on the belly of the curve in both MGS and GII space. Yields however ended the day largely unchanged as local govvies mostly traded sideways throughout the day. Prices remained well bided even as Ringgit continued its weakening bias to close the day at 4.0300. There was a concern of a spillover effect into Asean currencies due to Chinese Yuan weakness. UST10y yields eased 3bps lower to 2.85% at the time of writing due to ongoing threat of the trade war.
Malaysia Government Bonds Benchmark Issues MGS Closing Level (%) Change (bp) Volume (RM m) 3-yr 3.620 - 40 5-yr 3.850 - - 7-yr 4.060 +1.0 60 10-yr 4.210 -3.5 75 15-yr 4.640 - - 20-yr 4.895 - - 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 3.725 - 3-yr 3.795 - 5-yr 3.883 1.2 7-yr 4.000 0.5 10-yr 4.185 2.5 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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