October 03, 2024 05:29 GMT
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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