BNM: Bank Negara Malaysia Leaves OPR Unchanged At 2.75%
Nov-06 07:27
Bank Negara Malaysia (BNM) left its Overnight Policy Rate unchanged at 2.75%, in line with a unanimous consensus call.
- The statement noted that 'latest developments indicate better-than-expected growth in the third quarter, driven by sustained domestic demand, resilient electrical and electronics (E&E) exports, and recovery in commodity production.'
- 'Moving forward, headline inflation is expected to remain moderate in 2026 amid the continued easing in global cost conditions.' In addition, 'core inflation in 2026 is expected to remain stable and close to its long-term average.'
- 'At the current OPR level, the MPC considers the monetary policy stance to be appropriate and supportive of the economy amid price stability.'
- The MPC also approved the schedule of its meetings for 2026 and will convene six times throughout next year. The next meeting will be held on January 22.
- See full statement here.
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EQUITIES: EU Bank Block trade
Oct-07 07:26
EU Bank Block trade, suggested seller, helping the unwind lower.
- CAZ5 ~3.35k at 229.15.
CROSS ASSET: Higher Yields boost the USDJPY
Oct-07 07:16
- The Push lower in Bonds futures will be supportive of the Dollar and especially the USDJPY, now probing a new intraday high, and eyeing the next big level noted earlier at 150.92.
- There's continued selling interest in Core Bonds and while the Volumes haven't picked up, the lower liquidity means that it takes little order size to move markets.
- US TYZ5 printed a 112.11 low Yesterday, some desks might look for support at 112.06, but better will be seen around 112.03 (4.20% in Yield).
EU-BOND SYNDICATION: 2.75% Dec-32 / New 15-year Dec-40 EU-bond: Books open
Oct-07 07:10
2.75% Dec-32 EU-bond
- Guidance: MS + 36bps area
- Size: E5bln (MNI expected E4-5bln)
New 15-year Dec-2040
- Guidance: MS + 77bps area
- Size: E5bln (MNI expects E5-6bln)
- ISIN: TBC
- Coupon: Long first
- Maturity: 12 December 2040
For both:
- JLMs: BNP Paribas, Citi, Deutsche Bank, DZ BANK and Santander
- Settlement: 14 October 2025 (T+5)
- Timing: Books open, pricing later today
From market source / MNI colour
