Japan, South Korea, Indonesia: Asian Bonds and 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 Hirofumi Hirano will hold media briefings at 11 a.m. and 4 p.m. in Tokyo.

The Bank of Japan will release at 8:50 a.m. the minutes of its April policy board meeting.

Japan Business Federation Chairman Fujio Mitarai will hold a media briefing at 3:30 p.m. The federation, known as Keidanren in Japanese, is the nation’s largest business lobby.

The yield on the 1.4 percent government bond due March 2020 was at 1.28 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 92.38 per dollar at 6:54 a.m. in Tokyo.

China: A government report tomorrow may show producer prices climbed the most in 18 months in April. The cost of goods as they leave the factory jumped 6.5 percent from a year earlier, according to the median of economists’ estimates in a Bloomberg News survey. Consumer prices may have climbed 2.7 percent, matching a 16-month high, according to a survey before data also due tomorrow.

The yield on the 2.95 percent note due September 2011 was 1.74 percent, according to the National Interbank Funding Center data. The yuan was at 6.8276 per dollar.

India: The government may announce today the details of this week’s debt auction.

The yield on the 7.80 percent bond due May 2020 was 7.64 percent, according to the central bank’s trading system. The rupee was at 45.48 per dollar.

Indonesia: The statistics office will report today that Southeast Asia’s largest economy expanded 5.79 percent in the three months to March 31 from a year earlier after gaining 5.4 percent in the previous quarter, according to the median estimate of economists surveyed by Bloomberg.

The yield on the 11 percent bond due November 2020 was 9.29 percent, according to the Inter Dealer Market Association. The rupiah was at 9,215 per dollar.

Malaysia: The central bank plans to sell 1 billion ringgit ($306 million) of 42-day Islamic notes today.

The yield on the 4.378 percent bond due November 2019 was 4.07 percent. The ringgit was at 3.2705 per dollar.

Philippines: The government will offer to sell 8.5 billion pesos ($186.5 million) of five-year bonds tomorrow.

The yield on the 7.75 percent debt due February 2020 was 8.39 percent, according to Philippine Dealing & Exchange Corp. The peso was at 45.54 per dollar.

Singapore: The government plans to auction S$3.6 billion ($2.6 billion) of 91-day treasury bills today.

The yield on the 2.5 percent bond due June 2019 was 2.59 percent. The Singapore dollar was at S$1.3855 per dollar.

South Korea: The central bank will report producer prices for April today. Prices paid to producers advanced 2.6 percent in March from a year earlier, rising for a fourth month, the Bank of Korea said on April 9. Prices increased 0.6 percent in March from the previous month.

The yield on South Korea’s 5.75 percent bond due September 2018 was 4.93 percent, according to Korea Stock Exchange. The won was at 1,155.45.

Thailand: The government will today offer to sell 5 billion baht ($155 million) each of 91- and 182-day bills and 2 billion baht of 28-day securities.

The yield on the 3.875 percent bond maturing in June 2019 was 3.68 percent. The baht was at 32.35 per dollar.

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