Bloomberg News

Japan, Malaysia, South Korea: Asian Bonds and Currency Preview

June 26, 2011

June 27 (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 yield on the 1.2 percent government bond due June 2021 was 1.105 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 80.45 per dollar at 7:12 a.m. in Tokyo.

China: The National Bureau of Statistics will publish industrial companies’ profit-growth data for the first five months of 2011 today. Profit rose 29.7 percent in the first four months from a year earlier.

The yield on the 3.83 percent bond due March 2021 was 3.87 percent. The yuan was at 6.4730 per dollar.

South Korea: The central bank will sell 1 trillion won ($924 million) of one-year bonds and 1.2 trillion won of 91-day bills. The government will sell 800 billion won of 20-year debt.

The yield on the 4.25 percent bond due June 2021 was 4.26 percent. The won was at 1,078.75 per dollar.

Malaysia: The central bank will sell 1 billion ringgit ($329 million) each of 168- and 210-day notes today.

The yield on the 4.16 percent note due July 2021 was at 3.92 percent. The ringgit was at 3.0440 per dollar.

Philippines: The government will sell 1.5 billion pesos ($35 million) of 91-day bills and 3.5 billion pesos of 182-day bills today. It will also sell 4 billion pesos of 364-day bills.

The yield on the 6.5 percent bond due April 2021 was 6.37 percent, according to Tradition Financial Services. The peso was at 43.417 per dollar.

--With assistance from Monami Yui in Tokyo. 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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