Bloomberg News

Japan, Korea, Indonesia, Taiwan: Asia Bonds, Currency Preview

June 06, 2011

June 7 (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, Finance Minister Yoshihiko Noda and Economic and Fiscal Policy Minister Kaoru Yosano will hold media briefings after a Cabinet meeting in the morning. Edano will hold another press briefing at 4 p.m. in Tokyo.

The Ministry of Finance will release at 8:50 a.m. in Tokyo its report on Japan’s official reserve assets in May. The Cabinet Office will release at 2 p.m. in Tokyo its preliminary figures for Japan’s coincident and leading economic indexes for April.

The yield on the 1.2 percent government bond due June 2021 was at 1.145 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 80.14 per dollar at 7:20 a.m. in Tokyo.

Indonesia: The government will offer a total of 5 trillion rupiah ($587 million) of bonds due in one, 10, 15 and 20 years, according to an auction notice from the debt management office. Bidding ends at noon in Jakarta.

The yield on the 8.25 percent bond due July 2021 was 7.35 percent. The rupiah was at 8,513.

Malaysia: The central bank will report foreign-exchange reserves for the two weeks ended May 31. Reserves rose to $132.62 billion on May 13 from $129.99 billion on April 29.

The yield on the 4.16 percent note due July 2021 was at 4.03 percent. The ringgit was at 3.0030 per dollar.

Philippines: Consumer prices rose 5 percent in May from a year earlier, compared with 4.5 percent in April, according to the median forecast in a Bloomberg News survey before data due at 9 a.m. in Manila.

The central bank will report its foreign-exchange reserves for May. Reserves stood at a revised $68.5 billion in April.

The yield on the 7.375 percent bond due March 2021 was 6.40 percent, according to Tradition Financial Services. The peso was at 43.213 per dollar.

Singapore: The monetary authority will report its foreign- exchange reserves for May. They climbed 3.6 percent to $242.5 billion in April.

The yield on the 2.25 percent bond due June 2021 was 2.30 percent. The Singapore dollar was at S$1.2296.

South Korea: The government will auction 1.7 trillion won ($1.6 billion) of three-year bonds.

The yield on the 5 percent bond due June 2020 was 4.22 percent on June 3. The won was at 1,080.08 per dollar the same day. Financial markets were closed yesterday for a holiday.

Taiwan: Consumer prices rose 1.64 percent in May from a year earlier, compared with 1.34 percent in April, according to the median estimate of economists in a Bloomberg survey before the data due at 4 p.m. in Taipei.

The government will sell NT$40 billion ($1.4 billion) of 10-year bonds.

The yield on the 1.375 percent bond due March 2021 was 1.423 percent on June 3, according to Gretai Securities Market. The Taiwan dollar was at NT$28.75 the same day. Financial markets were closed yesterday for a holiday.

Thailand: The central bank will auction a total of 58 billion baht ($1.9 billion) of bills maturing in 28, 91 and 182 days.

The yield on the 5.85 percent debt due March 2021 was 3.72 percent. The baht was at 30.29 per dollar.

--With assistance from Ron Harui in Singapore. Editors: Andrew Janes, Nate Hosoda

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

To contact the reporter on this story: David Yong in Singapore at dyong@bloomberg.net.

To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net.


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