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Japan, China, Malaysia, Taiwan, Philippines: 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 will hold media briefings at 11 a.m. and 4 p.m. in Tokyo.
The Bank of Japan will begin a two-day policy board meeting in Tokyo.
The yield on the 1 percent government bond due September 2020 was at 1.145 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 84.42 per dollar at 7:42 a.m. in Tokyo.
China: The finance ministry will sell 20.6 billion yuan ($3.03 billion) of three-year bonds and 15.2 billion yuan of five-year debt today on behalf of provincial governments.
The yield on the 2.52 percent note due in July 2015 was 2.872 percent. The yuan was at 6.8023.
India: The finance ministry may release details of this week’s debt auction today. The government is scheduled to raise as much as 110 billion rupees ($2.4 billion) selling debt on or before Sept. 10, according to an auction calendar published in March by the central bank.
The yield on the 7.80 percent bond due May 2020 was 7.961 percent. The rupee was at 46.675.
Taiwan: Consumer prices remained unchanged in August from a year earlier after gaining 1.31 percent the previous month, according to the median estimate of economists in a Bloomberg News survey before today’s release from the statistics bureau.
Wholesale prices climbed 3.1 percent in August from the previous year, compared with a 5.34 percent increase in July, according to a separate poll before today’s data.
The yield on the 1.25 percent bond maturing in September 2020 was 1.203 percent. The Taiwan dollar was at NT$32.018.
Malaysia: The central bank will sell 1 billion ringgit ($320 million) each of 170- and 121-day Islamic notes today. It will also offer a total of 3 billion ringgit of seven-month notes.
The yield on the 3.835 percent bond due in August 2015 was 3.29 percent. The ringgit was at 3.1205.
Singapore: The government will sell S$3.7 billion ($2.75 billion) of 91-day Treasury bills.
The yield on the 3.25 percent debt due in September 2020 was 2.133 percent. The Singapore dollar was at S$1.3468.
South Korea: The government will sell 900 billion won ($766 million) of three-year bonds today.
The yield on the 4.50 percent bond due in March 2015 was 4.06 percent. The won was at 1,175.10.
Thailand: The government will sell a combined 9 billion baht ($289 million) of 28-, 91- and 182-day bills.
The yield on the 3.625 percent note maturing in May 2015 was 2.63 percent. The baht was at 31.17.
Philippines: The Bureau of the Treasury will auction 8 billion pesos ($179 million) of bills due in three months to a year at 1 p.m.
The yield on the 7.25 percent debt due August 2020 was 6.673 percent, according to Philippine Dealing & Exchange Corp. The peso was at 44.705 per dollar.
To contact the reporter responsible for this story: Yumi Teso in Bangkok at yteso1@bloomberg.net
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