Bloomberg News

Japan, India, Malaysia: Asian Bonds and Currency Preview

June 28, 2011

June 29 (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 Trade Ministry will release at 8:50 a.m. in Tokyo its preliminary report on industrial production for May. Output increased 5.5 percent from April, when it gained 1.6 percent, according to economists surveyed by Bloomberg News.

The yield on the 1.2 percent government bond due June 2021 was 1.09 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 81.03 per dollar at 7:24 a.m. in Tokyo.

India: The government will sell a combined 90 billion rupees ($2 billion) of 91- and 364-day bills.

The yield on the 7.80 percent bond due April 2021 was 8.30 percent. The rupee was at 45.0100 per dollar.

Malaysia: Bank Negara will sell a combined 3 billion ringgit ($984 million) of 89- and 259-day notes, 1 billion ringgit of 56-day Islamic bills, and 2 billion ringgit of 20- year bonds.

The yield on the benchmark 4.16 percent note due July 2021 was at 3.92 percent. The ringgit was at 3.0490 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: Andrea Wong in Taipei at awong268@bloomberg.net

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


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