Bloomberg News

Japan, Singapore, South Korea: Asian Bonds, Currency Preview

July 03, 2011

July 4 (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 Bank of Japan will hold a quarterly branch managers’ meeting at its headquarters in Tokyo. Governor Masaaki Shirakawa will give a speech around 9:30 a.m. Heads of Osaka, Nagoya, Fukuoka and Sapporo branches will speak at briefings in the afternoon.

The yield on the 1.2 percent government bond due June 2021 was 1.14 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 80.87 per dollar at 7:31 a.m. in Tokyo.

South Korea: The government will sell 1.3 trillion won ($1.2 billion) of three-year bonds and a combined 1.5 trillion won of 91- and 182-day notes today.

The yield on the 4.25 percent bonds due June 2021 was 4.33 percent. The won was at 1,066.65 per dollar.

Singapore: The government will sell S$3.9 billion ($3.2 billion) of 91-day bills today.

The yield on the 2.25 percent bond due June 2021 was 2.36 percent. The Singapore dollar was at S$1.2268.

Malaysia: Bank Negara Malaysia will sell a combined 3 billion ringgit ($997 million) of 91- and 210-day bills and 1.5 billion ringgit of 91-day Islamic notes.

The yield on the 4.16 percent bond due July 2021 was 3.93 percent. The ringgit was at 3.0085 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: Andrea Wong in Hong Kong at awong268@bloomberg.net

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


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