This week, the Thomson Reuters BPA Malaysia All Bond Index grew just 0.10 per cent to 124.66 from the previous week’s reading of 124.53, continuing the listless trend seen in recent weeks due to the year-end holiday season.
In this quiet trading week, sovereign papers continued to dominate the top 10 most active bonds.
It was yet another quiet trading week for the ringgit bond market as market players returned from their long year-end holiday break.
Many players stayed on the sidelines pending fresh market leads to kick off this new year.
In the coming week, the ringgit bond market is expected to pick up with new bonds issued by key entities such as Projek Lebuhraya Usahasama Bhd.
Danajamin-guaranteed Segi Astana Sdn Bhd bonds are also expected to penetrate the market in the same week.
Other ringgit bond market activities included the re-opening tender for the existing seven-year MGS benchmark (MGS 09/18 3.580 per cent by September 28, 2018) by the government of Malaysia.