Bloomberg News

Philippines, Japan, Taiwan: Asian Bonds and Currency Preview

June 19, 2011

June 20 (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: The Finance Ministry will report the nation’s trade balance in May at 8:50 a.m. in Tokyo.

Chief Cabinet Secretary Yukio Edano will hold media briefings at 11 a.m. and 4 p.m. in Tokyo.

The yield on the 1.2 percent government bond due June 2021 was 1.115 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 80.10 per dollar at 7:52 a.m. in Tokyo.

South Korea: The government will sell 1.9 trillion won ($1.8 billion) of 10-year bonds today.

The yield on the 4 percent bond due March 2016 was 3.96 percent. The won was at 1,085.90.

Taiwan: Export orders rose 9.5 percent in May from a year earlier, compared with 10.1 percent in April, according to a Bloomberg survey of economists before the data due today.

The yield on the 1.375 percent bond due March 2021 was 1.48 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$29.00.

Philippines: The central bank will publish balance of payments data for May today. The surplus was $1.1 billion in April.

The yield on the 6.5 percent bond due April 2021 was 6.40 percent, according to Tradition Financial Services. The peso was at 43.667 per dollar.

--With assistance from Masaki Kondo in Singapore. Editors: Andrew Janes, Nate Hosoda

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

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

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


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