Malaysia government bonds are likely to trade steady as investors await the release of 1Q GDP and April inflation data Wednesday and amid continued concerns over the euro zone. A local trader says "there is some slightly positive news coming from Europe, but we would still like to wait for some more concrete signs." Malaysia's 1Q GDP likely grew 4.5% on year, while April inflation likely remained steady at 2.1% on year, according to Dow Jones polls. Monday, the yield on the October 2015 MGS ended 2 bps lower at 3.17%, the October 2017 MGS yield closed flat at 3.26% and the August 2022 MGS yield ended 5 bps lower at 3.52%.
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