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BNM: Bond Wrap.

BNM
  • Middle East tensions were tempered by EIA report showing an unexpected rise in crude inventories and the largest weekly gain since April. (source:  MNI Australia)
  • Given this news broke around the same time that OPEC+ affirmed it will not raise output, it was enough to see oil prices retreat in the late session in US time. (source:  MNI Australia)
  • Palm Oil Jumps the Most in 15 Months on Middle East Tensions (source:  BBG)
  • Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels, according to a report from a US think tank (source: BBG)
  • Equity market weaker today with FTSE Malay KLCI down 0.25% and front end bond yields higher. 
     

3yr 3.350% (+1.5bp)        5yr 3.512% (+0.5bp)        10yr 3.723%         20yr 4.046% (-0.5bp) 

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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

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  • Middle East tensions were tempered by EIA report showing an unexpected rise in crude inventories and the largest weekly gain since April. (source:  MNI Australia)
  • Given this news broke around the same time that OPEC+ affirmed it will not raise output, it was enough to see oil prices retreat in the late session in US time. (source:  MNI Australia)
  • Palm Oil Jumps the Most in 15 Months on Middle East Tensions (source:  BBG)
  • Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels, according to a report from a US think tank (source: BBG)
  • Equity market weaker today with FTSE Malay KLCI down 0.25% and front end bond yields higher. 
     

3yr 3.350% (+1.5bp)        5yr 3.512% (+0.5bp)        10yr 3.723%         20yr 4.046% (-0.5bp)