Malaysian Bond Mar­ket

The Star Malaysia - StarBiz - - Treasury Pulse -

Lo­cal gov­vies’ yields were also mixed this week where all tenures de­cline ex­cept for the 15-year, 20-year, and 30-year yields driven by the strength­en­ing ring­git and con­cerns over geopo­lit­i­cal ten­sions. At Fri­day’s 11am pric­ing, the 3-,5-, 7-, 10-, 15-, 20and 30-year bench­mark MGS yields set­tled at 3.40%, 3.59%, 3.88%, 3.90%, 4.34%, 4.56% and 4.81% re­spec­tively.

Trad­ing ac­tiv­i­ties for the bench­mark lo­cal gov­vies fell for another week. Trad­ing vol­ume for the week stood at RM5.92bil, com­pared to RM6.97bil in the pre­vi­ous week.

In the case of the sec­ondary cor­po­rate bonds mar­ket, trad­ing ac­tiv­i­ties were higher com­pared to the pre­vi­ous week. Week to date, to­tal trad­ing vol­ume was at RM1.48bil com­pared to pre­vi­ous week’s RM1.33bil. About 48% of the trad­ing vol­ume came from GG/AAA while 50% was from the AA seg­ment and the bal­ance 2% from the A seg­ment.

In the GG/AAA seg­ment, no­table trades in­cluded ‘10/18 and ‘11/18 Caga­mas bonds which closed with mixed yields of 3.64% and 3.57%, re­spec­tively, with a trad­ing vol­ume of RM205mil. There was also in­ter­est in ‘08/32 and ‘08/37 Te­naga Na­sional bonds which closed at higher yields of 4.85% and 5.10%, re­spec­tively, and a to­tal trad­ing vol­ume of RM120mil.

There was some in­ter­est in the prop­erty sec­tor where ‘09/20 and ‘07/24 Pu­tra­jaya Holdings bonds recorded a trad­ing vol­ume of RM110mil and with mixed yields at 4.14% and 4.40%, re­spec­tively. Mean­while, 2022-2047 DanaIn­fra tranches ended with mixed yields be­tween 4.06% and 5.18% with RM60mil chang­ing hands.

Else­where in the AA seg­ment, no­table trades in­cluded 2025-2027 MMC Corp tranches which recorded a to­tal trad­ing vol­ume of RM80mil with yields un­changed at 5.28%-5.39%. There was in­ter­est in the con­struc­tion sec­tor where 2018-2021 Ga­muda tranches recorded a col­lec­tive trad­ing vol­ume of RM70mil while yields traded mixed at 4.07%-4.37%.

Also gar­ner­ing in­ter­est this week were 2021-2022 Te­knologi Te­naga Perlis Con­sor­tium tranches which recorded mixed yields be­tween 4.33% and 4.44% with a col­lec­tive trad­ing vol­ume of RM55mil. The ‘12/21 Malakoff Power bond recorded yields of 1bps lower at 4.52% with RM40mil chang­ing hands.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.