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Japan, India, South Korea, China, Malaysia: Asia Bond, 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 and Finance Minister Yoshihiko Noda will hold media briefings after a Cabinet meeting in the morning. Sengoku will have another press briefing at 4 p.m. in Tokyo.
The Ministry of Economy, Trade and Industry will release at 8:50 a.m. in Tokyo its report on industrial production for July. Industrial output fell 0.2 percent in July from June, when it declined 1.1 percent, according to a Bloomberg News survey of economists.
The Trade Ministry will release at 8:50 a.m. in Tokyo its report on retail sales for July. Sales at retailers in Japan rose 3.5 percent in July from a year earlier, after a revised 3.3 percent increase in June, a separate Bloomberg survey showed.
The yield on the 1.1 percent government bond due June 2020 was at 1.025 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 84.58 per dollar at 7:52 a.m. in Tokyo.
India: The economy probably grew at the fastest pace in 2 1/2 years, rising 8.8 percent in the three months ended June 30 from a year earlier, a Bloomberg survey showed before the data due today. Gross domestic product expanded 8.6 percent in the first three months of 2010.
The yield on the 7.80 percent bond due in May 2020 was 8.004 percent. The rupee was at 46.92.
South Korea: Industrial production probably rose 15.2 percent in July from a year earlier, compared with a 16.9 percent increase in June, according to the median estimate of economists in a Bloomberg survey before a government report today.
The yield on the 4.50 percent bond due in March 2015 was 4.05 percent. The won was at 1,192.13.
Thailand: Manufacturing production climbed 15.3 percent in July from the previous year, after expanding 21.3 percent in June, a central bank report today may say, according to a Bloomberg survey.
The Bank of Thailand will sell a total of 49 billion baht ($1.57 billion) of 28-, 91- and 182-day bills.
The yield on the 3.625 percent note maturing in May 2015 was 2.67 percent. The baht was at 31.29.
Singapore: The Monetary Authority of Singapore will release July loans and money supply data. Bank lending grew 9 percent in June from a year earlier and M2 money supply expanded 7.4 percent.
The yield on the 3.25 percent debt due in September 2020 was 2.082 percent. The Singapore dollar was at S$1.3553.
China: The People’s Bank of China wil1 sell 12 billion yuan ($1.76 billion) of one-year bills.
The yield on the 2.52 percent note due in July 2015 was 2.61 percent. The yuan was at 6.8030.
Indonesia: Inflation probably accelerated to 6.69 percent in August from 6.22 percent the previous month, a government report tomorrow may say, according to a Bloomberg survey.
Exports climbed 28.3 percent in July from the prior year, after increasing 31 percent the previous month, economists said in a separate poll before the data tomorrow.
The yield on the 11 percent government note due November 2020 was 8.038 percent, according to the Inter Dealer Market Association. The rupiah was at 9,037.
Taiwan: The central bank will auction NT$25 billion ($781 million) of 273-day negotiable certificates of deposits today.
The yield on the 1.375 percent bond due March 2020 was 1.21 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$32.060.
Malaysia: Financial markets are closed for a public holiday today.
The yield on the 3.835 percent bond due in August 2015 was 3.38 percent. The ringgit was at 3.1445.
To contact the reporter responsible for this story: Yumi Teso in Bangkok at yteso1@bloomberg.net
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