Japan, China, India, Malaysia: Asian 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 will hold media briefings at 11 a.m. and 4 p.m. in Tokyo.

Seiji Nakamura, a Bank of Japan board member, will give a speech at a business meeting in Nara City, western Japan, at 10:30 a.m. He will also speak at a press conference at 2 p.m.

The Ministry of Finance will release at 8:50 a.m. in Tokyo on Japanese and foreign investment flows for domestic and overseas securities during the week ended May 27.

The Finance Ministry will announce at 10:30 a.m. in Tokyo the amount of five-year notes it plans to sell on June 9.

The yield on the 1.1 percent government bond due March 2021 was 1.155 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 80.85 per dollar at 7:24 a.m. in Tokyo.

China: China Development Bank will sell 15 billion yuan ($2.3 billion) of seven-year floating rate bonds today. The People’s Bank of China will sell 15 billion yuan of three-month notes and 23 billion yuan of three-year securities.

The yield on the 3.83 percent bond due March 2021 was 3.83 percent, according to Chinabond, the nation’s biggest debt-clearing house. The yuan was at 6.4780.

India: The commerce ministry will publish food inflation data for the week ended May 21 today. An index measuring wholesale prices of agricultural products advanced 8.55 percent the previous week.

The yield on the 7.80 percent bond due April 2021 was 8.35 percent. The rupee was at 44.8313.

South Korea: The central bank will publish foreign-exchange reserves data for May today. Reserves stood at $307.2 billion in April.

The yield on South Korea’s 3 percent bond due December 2013 was 3.65 percent. The won was at 1,074.58 per dollar.

Malaysia: The central bank will sell 100 million ringgit ($33 million) of 364-day bills today.

The yield on the benchmark 4.16 percent note due July 2021 was at 4.00 percent. The ringgit was at 3.0065.

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