Looking at the top 10 most active bonds it was similar to the previous weeks, sovereign papers were the most actively traded bonds during the week.
With regards to the All Bond Index Performance, the weekly gain was 0.37 per cent from 122.76 to 123.22 points.
A bullish steepening trend was seen in government securities yield curves, especially for the three to five year tenure.
At the Monetary Policy Committee (MPC) meeting held on September 8, 2011, Bank Negara Malaysia (BNM) kept the Overnight Policy Rate (OPR) at three per cent and the Statutory Reserve Requirement (SRR) at four per cent premised upon the moderating global economic growth.
Furthermore, the domestic economy had also shown signs of slower growth in external demand as a result of weaker global economic environment.
On the following day, government securities yields ended lower across the five to 20 year tenure.
In terms of new issues, Naim Holdings Bhd issued RM150 million worth of five and 10 years bond on September 8, 2011.
The bonds, which were rated AA3 by Rating Agency Malaysia, were issued at a coupon rate of 4.50 per cent and 5.15 per cent per annum respectively.