BOND+SUKUK INFORMATION EXCHANGE BIXMALAYSIA.COM - NEWS UPDATE 06 November 2020
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BOND+SUKUK INFORMATION EXCHANGE BIXMALAYSIA.COM NEWS UPDATE 06 November 2020
US Yield Daily Yield Weekly Yield Monthly Yield YTD Yield
MARKET Treasury 05 Nov 20
3 YEAR 0.18
Change
bps
0
04 Nov 20
0.18
Change
bps
-2
29 Oct 20
0.20
Change
bps
-1
05 Oct 20
0.19
Change
bps
-144
31 Dec 19
1.62
5 YEAR 0.33 0 0.33 -5 0.38 0 0.33 -136 1.69
SUMMARY 7 YEAR
10 YEAR
0.56
0.79
1
1
0.55
0.78
-5
-6
0.61
0.85
1
1
0.55
0.78
-127
-113
1.83
1.92
MGS Yield Daily Yield Weekly Yield Monthly Yield YTD Yield
05 Nov 20 Change 04 Nov 20 Change *28 Oct 20 Change 05 Oct 20 Change 31 Dec 19
bps bps bps bps
3 YEAR 1.83 -3 1.86 7 1.76 -9 1.92 -115 2.98
5 YEAR 2.12 -8 2.20 6 2.06 -7 2.19 -103 3.15
7 YEAR 2.40 -9 2.49 6 2.34 -1 2.41 -90 3.30
10 YEAR 2.68 -1 2.69 5 2.63 3 2.65 -62 3.30
GII Yield Daily Yield Weekly Yield Monthly Yield YTD Yield
05 Nov 20 Change 04 Nov 20 Change *28 Oct 20 Change 05 Oct 20 Change 31 Dec 19
bps bps bps bps
3 YEAR 1.96 1 1.95 16 1.80 -1 1.97 -110 3.06
5 YEAR 2.26 -5 2.31 5 2.21 9 2.17 -93 3.19
7 YEAR 2.36 -11 2.47 -1 2.37 -4 2.40 -94 3.30
10 YEAR 2.65 0 2.65 7 2.58 3 2.62 -77 3.42
• 1 bps = 0.01% AAA Yield Daily Yield Weekly Yield Monthly Yield YTD Yield
• Increase in Yield = Decrease 05 Nov 20 Change 04 Nov 20 Change *28 Oct 20 Change 05 Oct 20 Change 31 Dec 19
in the bond price/value bps bps bps bps
3 YEAR 2.44 -4 2.48 4 2.40 -2 2.46 -111 3.55
5 YEAR 2.67 -3 2.70 5 2.62 3 2.64 -100 3.67
Source: US Treasury, BNM & 7 YEAR 2.90 0 2.90 10 2.80 9 2.81 -86 3.76
10 YEAR 3.16 1 3.15 8 3.08 6 3.10 -73 3.89
BIX Malaysia *29 October 2020 was a public holiday in Malaysia for Maulidur RasulNEWS THE STAR
The week that was - expansionary budget
UPDATE Expansionary budget for extraordinary times
THE government will embark on an expansionary budget to combat the
economic impact of the Covid-19 pandemic, Prime Minister Tan Sri
Today's headlines of interest and Muhyiddin Yassin said on Wednesday, ahead of the tabling of Budget
summaries as extracted from the 2021 by Finance Minister Tengku Datuk Sri Zafrul Abdul Aziz today.
international and local media.
The government has already launched four stimulus packages worth
RM305bil since March, including RM45bil in direct cash injections. The
Parliament, in August, has approved the government’s request to
increase the self-imposed debt ceiling from 55% of gross domestic
product (GDP) to 60% that will provide room for the government to
increase its spending.
For the first months of this year, the government’s fiscal deficit has
widened to RM80mil, according estimates. Maybank Kim Eng’s Economic
Research forecast a deficit of RM90bil, or 6.0%, of GDP versus an
estimated RM95bil, or 6.7%, of GDP in 2020. The Budget 2020
announced last year was worth RM297bil.REUTERS
NEWS TREASURIES-Yields mixed as market awaits election results, jobs data
UPDATE U.S. Treasury yields were mixed on Thursday as national election results
remained uncertain and investors awaited Friday's October employment
report. Longer-dated yields bounced up from three-week lows reached
earlier in the session.
Today's headlines of interest and
The benchmark 10-year yield, which touched its lowest since mid-
summaries as extracted from the
October at 0.718%, was last up less than a basis point at 0.7763%. The 30-
international and local media. year bond yield also hit a three-week low of 1.48% and was last down less
than a basis point at 1.5424%. "The market's really adrift here trying to
figure out what to focus on next," said Gennadiy Goldberg, an interest
rate strategist at TD Securities in New York, pointing to still-incomplete
results from Tuesday's election, rising coronavirus cases, and Friday's
release of jobs data.
Democrat Joe Biden inched closer to an election win over Republican
President Donald Trump, but his party is falling short of expectations in
congressional elections. Still, potential runoffs in Georgia could determine
control of the Senate, where Republicans are in the majority. Kathy Jones,
chief fixed income strategist at the Schwab Center for Financial Research
in New York, said a divided national government would mean a smaller
stimulus plan to aid the virus-battered economy.DISCLAIMER No Offer The information provided and services described in the BIX website are of a general nature, are not offers for investment and are not intended to be personalised financial advice to investor. The information provided in the BIX website is not intended to be a substitute for professional advice. Reliance should not be placed on the BIX website and you should seek appropriate personalised financial advice from a qualified professional to suit your individual circumstances and risk profile. Website Information BIX website is a publisher of content supplied by third parties. While every effort is made to ensure the information on the BIX website is up-to-date and correct, the Company makes no representations or warranties of any kind, express or implied, about the accuracy, reliability, completeness, suitability or availability of the BIX website or the information provided on the BIX website from the sources. The information on the BIX website is subject to change at any time. Any reference on this BIX website to historical information and performance may not necessarily be a good guide to future performance. You are solely responsible for any actions you take or do not take by relying on such information. To the full extent legally allowable, the directors, associates, vendors and staff of the Company expressly disclaim all and any liability and responsibility to any person in respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance, whether wholly or partially, upon the whole or any part of the contents of this BIX website. Third party products and services Through the BIX website you may be able to link to other websites which are not under the control of the Company. The Company has no knowledge of or control over the nature, content, and availability of those websites. The Company does not sponsor, recommend, or endorse anything contained on these linked websites. The Company does not accept any liability of any description for any loss suffered by you by relying on anything contained or not contained on these linked websites. The Company accept no responsibility or liability for the content, use or availability of such websites. The Company shall not be liable for any and all liability for the acts, omissions and conduct of any third parties in connection with or related to your use of this site and/or our services.
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