Japan, China, Indonesia, Thailand: Asian Local Bonds and 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: Chief Cabinet Secretary Yukio Edano and Finance Minister Yoshihiko Noda will hold media briefings after a Cabinet meeting in the morning. Edano will give another briefing at 4 p.m. in Tokyo.
The Finance Ministry will announce at 10:30 a.m. in Tokyo the amount of two-year Japanese government notes it plans to sell on April 26.
The Cabinet office will release at 2 p.m. in Tokyo its report on Japan’s consumer confidence for March.
The yield on the 1.3 percent government bond due March 2021 was 1.245 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 82.50 per dollar as of 7:15 a.m. in Tokyo.
China: Manufacturing activity data for April will be released today. The HSBC Manufacturing Purchasing Managers’ Index rose to 51.8 last month. A reading above 50 signals growth.
The yield on the 3.83 percent bond due March 2021 was 3.93 percent, according to Chinabond, the nation’s biggest debt- clearing house. The yuan was at 6.5288.
Indonesia: The government will sell one-year Treasury bills, and five- and 15-year bonds.
The yield on the 8.25 percent bond due July 2021 was 7.85 percent, according to the Inter-Dealer Market Association. The rupiah was at 8,693.
Philippines: The central bank will report the balance of payments for March. The country had a deficit of $133 million in February, the first monthly shortfall in a year.
The yield on the 7.375 percent bond due March 2021 was 6.38 percent, according to Tradition Financial Services. The peso was at 43.295.
Thailand: The central bank will sell a combined 53 billion baht ($1.8 billion) of 28-, 91- and 182-day bills.
The yield on the 3.125 percent debt due December 2015 was 3.25 percent. The baht was at 30.11.
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