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Japan, India, Thailand, Malaysia, 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 publish at 2 p.m. in Tokyo its September report on the nation’s financial and economic conditions. The Cabinet office will release at 8:50 a.m. in Tokyo its report on machine orders for July. The Ministry of Finance will release at 8:50 a.m. in Tokyo its report on the current-account balance for July.
The Cabinet Office will publish at 2 p.m. in Tokyo its report on confidence among Japanese merchants for August.
The yield on the 1 percent government bond due September 2020 was at 1.130 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.
The yen traded at 83.87 per dollar at 7:43 a.m. in Tokyo.
Philippines: Exports rose 28.5 percent in July from a year earlier, according to the median estimate of 13 economists in a Bloomberg News survey before the data is released at 9 a.m. today. Overseas shipments rose 33.4 percent in June.
The yield on the 7.25 percent debt due August 2020 was 6.33 per cent, according to Philippine Dealing & Exchange Corp. The peso was at 44.26 per dollar.
China: The finance ministry will sell 20 billion yuan ($2.9 billion) of one-year notes today.
The yield on the 2.53 percent note due June 2015 was 2.64 percent. The yuan was at 6.7934.
Malaysia: Industrial production rose 5.7 percent in July from a year earlier, following a 9.4 percent increase the previous month, according to the median estimate in a Bloomberg survey before a statistics department report today.
The yield on the 3.835 percent bond due in August 2015 was 3.32 percent. The ringgit was at 3.1113.
South Korea: The Bank of Korea will raise the seven-day repurchase rate to 2.5 percent from 2.25 percent, according to the median estimate of economists surveyed by Bloomberg.
The yield on the 3.75 percent note due June 2013 was 3.62 percent. The won was at 1,172.80.
Thailand: Consumer confidence data for August is due today. The index was 71.4 in July.
The yield on the 3.625 percent note maturing in May 2015 was 2.69 percent. The baht was at 31.03.
India: The government plans to raise as much as 110 billion rupees ($2.4 billion) selling bonds maturing in 2015, 2022 and 2027 today, according to the finance ministry. It will offer 40 billion rupees each of 7.17 percent, five-year debt and 8.13 percent, 12-year notes. India also plans to auction 30 billion rupees of 8.26 percent, 17-year securities.
The yield on the 7.80 percent note maturing in May 2020 was 7.937 percent. The rupee was at 46.7.
To contact the reporter on this story: Andrea Wong in Hong Kong at awong268@bloomberg.net
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