Bloomberg News

Japan, China, Taiwan, Thailand: Asia Bonds and Currency Preview

June 07, 2011

June 8 (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 government will release at 8:50 a.m. its report on the nation’s current-account balance for April. The Cabinet Office will release at 2 p.m. its report on confidence among merchants for May. The Economy Watchers index, a survey of barbers, taxi drivers and others who deal with consumers, rose to 33 from 28.3 in April, a Bloomberg News survey showed.

The yield on the 1.2 percent government bond maturing in June 2021 was at 1.16 percent, according to Japan Bond Trading Co. The yen traded at 80.11 per dollar as of 7:26 a.m. in Tokyo.

China: The government plans to sell 30 billion yuan ($4.6 billion) of five-year bonds.

The yield on the 3.83 percent security due March 2021 was 3.85 percent, according to Chinabond, the nation’s biggest debt- clearing house. The yuan was at 6.4810.

India: The government plans to raise a total of 110 billion rupees ($2.5 billion) selling 91- and 182-day Treasury bills.

The yield on the 7.80 percent bond due April 2021 was 8.28 percent. The rupee was at 44.6863.

Malaysia: The central bank will offer 500 million ringgit ($166 million) of 152-day Islamic notes and 1 billion ringgit each of 131- and 259-day debt.

The yield on the benchmark 4.16 percent note due July 2021 was at 4.04 percent. The ringgit was at 3.0070.

Taiwan: The finance ministry will report trade data for May. Annual export growth slowed to 8.1 percent from 24.6 percent in April, according to a Bloomberg survey of economists.

The yield on the 1.375 percent bond due March 2021 was 1.49 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$28.735.

Thailand: The government will auction 4.5 billion baht ($149 million) of bonds maturing in 2061.

The yield on the 3.125 percent debt due December 2015 was 3.45 percent. The baht was at 30.28 per dollar.

--Editors: Andrew Janes, Nate Hosoda

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

To contact the reporter on this story: Anil Varma in Mumbai at avarma3@bloomberg.net.

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


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