India, Japan, Malaysia, Singapore, S. Korea: Asian Bond, Currency Preview
The following events and economic reports may influence trading in Asia’s bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.
Japan: The Bank of Japan may decide to inject more short- term cash into the banking system when the board meets at 1 p.m. in Tokyo to consider monetary policy after the nation’s most powerful earthquake on record.
The Trade Ministry is scheduled to publish at 1:30 p.m. in Tokyo the final figures for industrial production in January. Industrial output climbed 2.4 percent in January from the previous month, the ministry said on Feb. 28.
The Cabinet Office is scheduled to release at 2 p.m. in Tokyo its index of consumer confidence for February. Consumer confidence among Japanese households rose to 41.5 in February from 41.1 in January, a separate Bloomberg News survey showed.
The yield on the 1.3 percent government bond due March 2021 was at 1.27 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.
The yen traded at 81.86 per dollar at 6:45 a.m. in Sydney.
India: Wholesale prices gained 7.8 percent last month from a year earlier, the smallest increase since December 2009, according to a Bloomberg survey of economists before data due today.
The yield on the 7.8 percent bond due May 2020 was 7.95 percent. The rupee was at 45.24.
Malaysia: The central bank will sell 4 billion ringgit ($1.3 billion) of 5 1/2-year bonds.
The yield on the 3.835 percent note due August 2015 was 3.54 percent. The ringgit was at 3.0460.
Singapore: The government will sell S$3.9 billion ($3.1 billion) of 91-day Treasury bills.
The yield on the 3.25 percent note due September 2020 was 2.41 percent. The Singapore dollar traded at S$1.2675.
South Korea: The central bank will sell 1 trillion won ($890 million) each of 91-day bills and one-year debt. South Korea will sell 2.2 trillion won of five-year bonds today.
The yield on the 3 percent debt due December 2013 was 3.70 percent. The won was at 1,123.10.
Taiwan: The central bank will auction NT$40 billion ($1.4 billion) of 10-year debt.
The yield on the 1.375 percent bond due March 2021 was 1.40 percent. The Taiwan dollar was at NT$29.599.
To contact the reporter on this story: Andrea Wong in Taipei at awong268@bloomberg.net.
To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net
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