Bloomberg News

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

July 13, 2011

July 14 (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 Ministry of Finance will sell 2.4 trillion yen ($30.2 billion) of five-year government notes. The ministry will announce a coupon for the new securities at 10:30 a.m.

The ministry will announce at 10:30 a.m. in Tokyo the amount of 20-year debt it plans to sell on July 21.

It will release at 8:50 a.m. in Tokyo on Japanese and foreign investment flows for domestic and overseas securities during the week ended July 8.

The yield on the 1.2 percent government bond due June 2021 was 1.10 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 79.01 per dollar at 7:32 a.m. in Tokyo.

China: The central bank will sell 46 billion yuan ($7.1 billion) of three-month bills and 5 billion yuan of three-year bonds. China Development Bank will sell 15 billion yuan of one- year securities and 20 billion yuan of five-year debt today.

The yield on the government’s 3.99 percent bonds due June 2021 was 3.90 percent. The yuan was at 6.4676 per dollar.

India: The wholesale price index rose 9.68 percent in June from a year earlier, compared with 9.06 percent in May, according to the median estimate of economists in a Bloomberg survey before data due today.

The government will release food-inflation data for the week ended July 2 today. The index fell to an annualized 7.61 percent the previous week, the least in seven weeks.

The yield on the 7.80 percent bonds due April 2021 was 8.31 percent. The rupee was at 44.5275 per dollar.

South Korea: The central bank will leave the seven-day repurchase rate unchanged at 3.25 percent, according to 13 of the 14 economists surveyed by Bloomberg. One forecast a 25-basis point increase.

The ministry will publish foreign direct investment data for the second quarter today. Investment increased 30 percent in the first quarter from a year earlier.

The yield on the 4.25 percent bonds due June 2021 was 4.18 percent. The won was at 1,060.49 per dollar.

Thailand: The central bank will publish the foreign- exchange reserves data for the week ended July 8 today. Reserves were $184.9 billion the previous week.

The central bank will sell 60 billion baht ($2 billion) of 14-day bills today.

The yield on the 5.40 percent bond due July 2016 was 4.09 percent. The baht was at 30.28 per dollar.

Malaysia: The government will sell 80 million ringgit ($26.5 million) of 91-day bills and 100 million ringgit of 364- day bills today.

The yield on the 4.16 percent bond due July 2021 was 3.87 percent. The ringgit was at 3.0240 per dollar.

--With assistance from Monami Yui in Tokyo. Editors: Andrew Janes, Nate Hosoda


To contact the reporter on this story: V Ramakrishnan in Mumbai at

To contact the editor responsible for this story: Sandy Hendry at

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