Looking at the top ten most active bonds, with selling pressure seen in government securities segment, unsurprisingly, sovereign papers continued to rule the top ten most actively traded bonds during the week.
With regards to the All Bond Index Performance, the index experienced its steepest weekly plunge in the second half of 2011 falling 0.16 per cent from 123.22 to 123.02 points, mostly led by bearish market sentiment in the government securities segment.
This bearish trend was observed across almost all benchmark tenures of the government securities yield curves, which reflected profit-taking activities by the market.
In terms of new issuances during the week, Telekom Malaysia Bhd issued RM300 million worth of 10-year bonds on September 13, 2011.
The bonds, rated AAA by Rating Agency Malaysia, were issued at a coupon rate of 4.20 per cent.
The week also saw the reopening of Government Investment Issue (GII).
Last week, the reopening of the five-year GII benchmark bond, GII 11/16, was announced.
The issue size for the reopening was RM4 billion.
The concluded auction garnered a bid-cover ratio of 2.84 times, markedly stronger than the bid-cover ratio seen for the previous five-year GII benchmark bond auction of 1.91 times.
The high, low and average yields came in at 3.38 per cent, 3.36 per cent and 3.375 per cent respectively.