Bloomberg News

Japan, China, India, South Korea: Asian Bonds, Currency Preview

June 30, 2011

July 1 (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 and Finance Minister Yoshihiko Noda will hold media briefings after a Cabinet meeting in the morning. Edano will have another press briefing at 4 p.m. in Tokyo.

The Bank of Japan will release at 8:50 a.m. in Tokyo its Tankan report for the second quarter. The quarterly index of sentiment among big manufacturers fell to minus 7 from 6 before, according to the median estimate of economists in a survey.

The statistics bureau will publish at 8:30 a.m. in Tokyo its report on overall household spending and jobless rate for May. The unemployment rate rose to 4.8 percent from 4.7 percent in April, according to the median estimate of economists before the statistics bureau reports the data at 8:30 a.m.

The statistics bureau will also release at 8:30 a.m. in Tokyo its report on June inflation.

The Ministry of Health, Labor and Welfare will publish at 8:30 a.m. in Tokyo its report on the job-to-applicants ratio for May. Japan’s job-to-applicants ratio slid to 0.60 from 0.61 in the previous month, another survey showed.

The yield on the 1.2 percent government bond due June 2021 was 1.13 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 80.61 per dollar at 7:09 a.m. in Tokyo.

China: The Purchasing Managers’ Index fell to 51.5 in June from 52 in May, according to the median forecast of economists in a Bloomberg survey.

The yield on the 3.83 percent notes due March 2021 was 3.829 percent. The yuan was at 6.4634 per dollar.

India: The official trade data for May is due today. Exports climbed 34.4 percent in April from a year earlier.

The government will issue a total of 150 billion rupees ($3.4 billion) of bonds due in 2018, 2021, 2027 and 2040.

The yield on the 7.80 percent bonds due April 2021 was 8.34 percent. The rupee was at 44.72 per dollar.

South Korea: The consumer-price index rose 4.3 percent in June from a year earlier, compared with 4.1 percent the previous month, according to a Bloomberg survey ahead of official data today.

Exports increased 17.6 percent in June from a year earlier, compared with 22.4 percent the previous month, a separate poll showed.

The yield on the 4.25 percent bonds due June 2021 was 4.31 percent. The won was at 1,067.65 per dollar.

Thailand: Inflation quickened to 4.2 percent in June from 4.19 percent the previous month, according to economists in a Bloomberg survey.

The yield on the 5.25 percent notes due May 2014 was 3.73 percent. The baht was at 30.75 per dollar.

Indonesia: Consumer prices rose 5.4 percent in June from a year earlier after climbing 5.98 percent the previous month, according to economists in a Bloomberg survey.

Export growth slowed to 32.4 percent in May from 37.3 percent in April, according to a separate poll.

The yield on the 8.25 percent debt due July 2021 was 7.52 percent. The rupiah was at 8,588 per dollar.

--With assistance from Monami Yui in Tokyo. Editors: Ven Ram, Nate Hosoda

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

To contact the reporter on this story: Yumi Teso in Bangkok at yteso1@bloomberg.net

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


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