Japan, China, Indonesia, Malaysia, Thailand: Asia Bonds, Currency Preview
The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.
Japan: Chief Cabinet Secretary Yoshito Sengoku will hold media briefings at 11 a.m. and 4 p.m. in Tokyo.
The Ministry of Finance will release at 8:50 a.m. in Tokyo its report on Japanese and foreign investment flows for domestic and overseas securities during the week ended July 30.
The yield on the 1.1 percent government bond due in June 2020 was at 0.995 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 86.33 per dollar at 7:36 a.m. in Tokyo.
China: The People’s Bank of China will sell 12 billion yuan ($1.8 billion) of three-month bills, according to a statement on its website yesterday.
The yield on the 2.33 percent note due in June 2013 was 2.31 percent. The yuan was at 6.7722.
Indonesia: Gross domestic product may have expanded 6 percent in the second quarter, the fastest pace of growth in more than a year, according to economists surveyed by Bloomberg before data due today. The government may report foreign- exchange reserves data for July as early as today. The reserves in June were $76.32 billion.
The yield on the 11 percent bond due in November 2020 was 7.95 percent, according to Inter Dealer Market Association. The rupiah was at 8,948.
Malaysia: Bank Negara will today sell 100 million ringgit ($31 million) of 180-day bills. The yield on the 3.835 percent bond due in August 2015 was 3.39 percent. The ringgit was at 3.1705.
Philippines: Finance Secretary Cesar Purisima may comment on the budget deficit and bond sales at an 8 a.m. briefing in Manila.
Inflation was 4.1 percent in July from a year earlier, compared with 3.9 percent in June, according to the median estimate of economists in a Bloomberg News survey before data due today.
The yield on the 7.75 percent debt due in February 2020 was 7.55 percent, according to Philippine Dealing & Exchange Corp. The peso was at 45.225 per dollar.
Taiwan: Taiwan may say inflation accelerated to 1.27 percent in July, the fastest pace since April, according to economists surveyed by Bloomberg.
The yield on the 1.375 percent note due in March 2020 was 1.34 percent. The Taiwan dollar was at NT$31.87 per dollar.
Thailand: The Bank of Thailand will sell 70 billion baht ($2.2 billion) of 14-day bills today. The yield on the 3.625 percent note maturing in May 2015 was 3.02 percent. The baht was at 32.15 per dollar.
Rate this Page