MYR: Ringgit Weak with Regional Trends
Sep-18 03:44
- USDMYR is weak today, alongside many of its regional peers.
- The Ringgit has lost ground by -0.21%, after yesterday's gains of +0.35%.
- USDMYR yesterday finally broke through a technical level at 4.2070 that it had bounced off three times prior, and held below overnight.
- USDMYR 1M ATM Vol is lower today at 6.02, from 6.28 yesterday.
- The FTSE Malay KLCI is lower by -0.79% and bond yields are steady with the MGS 10-Yr at 3.40%.
- Tomorrow Malaysia releases August trade data with exports forecast to moderate and imports remain low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
JGBS AUCTION: 20-Year JGB Auction Results
Aug-19 03:38
The Japanese Ministry of Finance (MOF) sells Y606.1bn 20-Year JGBs:
- Average Yield: 2.581% (prev. 2.482%)
- Average Price: 98.93 (prev. 100.23)
- High Yield: 2.591% (prev. 2.496%)
- Low price: 98.80 (prev. 100.05)
- % Allotted At High Yield: 65.3666% (prev. 20.3084%)
- Bid/Cover: 3.0853x (prev. 3.1462x)
JGBS AUCTION: 20Y Supply Faces A Yield & A Curve Near Cyclical Highs
Aug-19 03:02
The Japanese Ministry of Finance (MoF) will today sell Y800bn of 20-Year JGBs. The MoF last sold 20-year debt on 10 July 2025.
- Today’s 20-year JGB auction offers an outright yield near its cycle high, 10bps above last month’s level.
- Moreover, the 10/20 yield curve remains near its recent high, its steepest since 1999.
- The 20-year JGB is at a similar valuation to last month in terms of the 10/20/30 butterfly.
- On the other hand, the auction comes amid a slight improvement in sentiment toward long-term global bonds.
- Given these dynamics, it remains to be seen whether today’s supply can generate some positive momentum for JGB auctions or if market caution will weigh on demand.
- Results are due at 0435 GMT / 1235 JT.
JGBS AUCTION: Poll: 20-Year JGB Auction
Aug-19 03:00
*JAPAN 20Y GOVT BOND AUCTION MAY HAVE 98.85 LOWEST PRICE:POLL – BLOOMBERG
