Bloomberg News

Japan, China, India, Malaysia: Asian Bonds and Currency Preview

June 02, 2011

June 3 (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 and Finance Minister Yoshihiko Noda will hold media briefings after a Cabinet meeting in the morning. Edano will have another press briefing at 4 p.m. in Tokyo.

The yield on the 1.1 percent government bond due March 2021 was 1.110 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 80.97 per dollar at 7:17 a.m. in Tokyo.

China: HSBC Services’ purchasing managers index for May will be published today. The index was at 51.6 in April.

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 6.4828.

India: The finance ministry will sell 120 billion rupees ($2.7 billion) of bonds due in 2016, 2022 and 2032 today.

The yield on the 7.80 percent bond due April 2021 was 8.30 percent. The rupee was at 44.86.

Taiwan: The Central Bank of the Republic of China (Taiwan) will publish foreign-exchange reserves data for May today. Reserves were at $399.5 billion in April.

The yield on the 1.375 percent bond due March 2021 was 1.42 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$28.785.

Thailand: Bank of Thailand will release foreign-exchange reserves data for the week ended May 27 today. Reserves were at $185.6 billion the previous week.

The central bank will sell 60 billion baht ($2 billion) of 14-day bills today.

The yield on the 3.125 percent debt due December 2015 was 3.43 percent. The baht was at 30.29 per dollar.

Malaysia: The trade surplus fell to $10.3 billion in April from $13.5 billion in March, according to the median estimate in a Bloomberg survey of economists before the data is published today by the Department of Statistics.

The yield on the benchmark 4.16 percent note due July 2021 was at 3.98 percent. The ringgit was at 3.0160.

--With assistance from Monami Yui in Tokyo. Editors: Andrew Janes, Nate Hosoda

%INR %JPY %CNY %KRW %USD %SGD %THB %PHP %TWD %IDR %MYR

To contact the reporter on this story: V Ramakrishnan in Mumbai at rvenkatarama@bloomberg.net

To contact the editor responsible for this story: James Regan in Hong Kong at jregan19@bloomberg.net.


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