KUALA LUMPUR: The Malaysian onshore financial markets activities continued to operate effectively during the first week after the general election, recording a healthy daily average FX transaction volume of US$15 billion (US$1 = RM3.97).

The US$/MYR 1-month implied volatility declined to an average of 5.6 per cent for the week compared with a high of 5.9 per cent pre-election, signalling continued investors’ confidence in Malaysian markets, said the Financial Market Committee (FMC).

For the week, the ringgit traded range-bound within the 3.94 and 3.98 level, consistent with the performance and expectation of regional currencies, it said in a statement today.

FMC said the government bond market remained supported by domestic institutional investors.

“The yields of 5 and 10-year benchmark Malaysian Government Securities traded up to 10 basis points to record 3.89 per cent and 4.18 per cent, respectively, in line with the rise in US Treasury yields,” it added. – Bernama

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