Japan, Philippines, Thailand: Asian Bonds, 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: Finance Minister Yoshihiko Noda, Economy Minister Kaoru Yosano, and Chief Cabinet Secretary Yukio Edano will hold media briefings after the cabinet meeting. Edano will hold another media briefing at 4 p.m.

The government will announce at 1:30 p.m. figures for the nation’s industrial activity in June.

The yield on the 1.1 percent government bond due June 2021 fell 3.5 basis points to 0.985 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. A basis point is 0.01 percentage point.

The yen trade at 76.55 per dollar at 7:16 a.m. in Tokyo.

Taiwan: Export orders gained 10.98 percent in July from a year ago, after increasing 9.18 percent the previous month, the least since February, according to the median estimate of economists surveyed by Bloomberg before data due today.

The yield on the 1.375 percent bonds due March 2021 was 1.36 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$28.990.

Philippines: The government will report the nation’s balance of payments for July. There was a surplus of $222 million the previous month.

The yield on the 6.5 percent bond due April 2021 was 5.71 percent, according to Tradition Financial Services. The peso was at 42.515 per dollar.

Thailand: The central bank will release foreign-exchange reserves data for the week ended Aug. 12. Reserves fell 0.5 percent to $186.7 billion the previous week.

The yield on the 5.4 percent debt due July 2016 was 3.51 percent. The baht was at 29.89 per dollar.

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