Japan, China, India, Malaysia: Asian Bonds, Currency Preview
March 30, 2011, 6:31 PM EDTBy Khalid Qayum
March 31 (Bloomberg) -- 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.
The Finance Ministry will release at 8:50 a.m. in Tokyo its report on Japanese and foreign investment flows for domestic and overseas securities during the week ended March 25.
The yield on the 1.3 percent government bond due March 2021 was at 1.245 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.
The yen traded at 83.09 per dollar at 7:24 a.m. in Tokyo.
China: Agricultural Development Bank of China will sell 15 billion yuan ($2.3 billion) of three-year bonds.
The yield on the government’s 3.77 percent bond due December 2020 was 4.01 percent. The yuan was at 6.5584 per dollar.
India: The current-account deficit will narrow to $9.15 billion in the fourth quarter, from a revised record shortfall of $15.76 billion in the previous three months, according to the median estimate in a Bloomberg survey before central bank data due today.
The yield on the benchmark 7.8 percent bond due May 2020 was 8.02 percent. The rupee was at 44.7675 per dollar.
Malaysia: The government will sell a combined 180 million ringgit ($59 million) of 91- and 182-day bills.
The yield on the benchmark 4.16 percent note due July 2021 was at 4.12 percent. The ringgit was at 3.0255.
South Korea: Industrial output increased 9.6 percent in February from a year earlier, after a 13.7 percent gain the previous month, according to the median estimate in a Bloomberg survey before official data due today.
The yield on the 5 percent debt due June 2020 was 4.50 percent. The won was at 1,104.10 per dollar.
Thailand: The current-account surplus increased to $2.9 billion in February from $1.1 billion the previous month, according to the median forecast in a Bloomberg survey ahead of a report today.
The yield on the 3.125 percent debt due December 2015 was 3.38 percent. The baht was at 30.32 per dollar.
Taiwan: The central bank will raise borrowing costs by 0.125 percentage point to 1.75 percent, according to the median estimate in a Bloomberg survey of economists before the rate decision today.
The yield on the 1.375 percent bond due March 2021 was 1.36 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$29.510.
--With assistance from Monami Yui and Yumi Teso. Editors: Andrew Janes, Nate Hosoda
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To contact the reporter on this story: Khalid Qayum in Singapore at kqayum@bloomberg.net
To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net
