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BLBG: Japan, China, India, South Korea, Thailand: Asia Bond and Currency Preview
 
The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.

Japan: Chief Cabinet Secretary Yoshito Sengoku will hold a media briefing at 4 p.m. in Tokyo.

The Labor Ministry will release at 10:30 a.m. in Tokyo its report on monthly wages including overtime and bonuses in May.

The yield on the 1.3 percent government bond due June 2020 was 1.095 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 88.58 per dollar at 7:14 a.m. in Tokyo.

China: The Federation of Logistics and Purchasing will say tomorrow the Purchasing Managers’ Index fell to 53.2 in June from 53.9 the previous month, according to a Bloomberg survey. The yield on the 3.25 percent bond due in May 2020 was 3.26 percent, according to data compiled by Bloomberg. The yuan was at 6.7977 per dollar.

India: The central bank will today report the nation’s balance of payments data. India’s current-account deficit was $5.75 billion in the three months ended March 31, compared with a shortfall of $12.03 billion in the previous three months, according to a Bloomberg News survey.

The government plans to raise as much as 30 billion rupees ($645 million) today by selling 91- and 364-day treasury bills. The yield on the 7.80 percent bond due May 2020 was 7.57 percent. The rupee was at 46.485.

Malaysia: The central bank will today offer to sell 1.5 billion ringgit ($462 million) each of 91- and 180-day notes and 1 billion ringgit of 62-day Islamic debt securities. It will also report money supply data for May. Money supply expanded 8.1 percent in April.

The yield on the 4.378 percent debt maturing in November 2019 was 3.95 percent, according to Bursa Malaysia. The ringgit was at 3.2460.

South Korea: Manufacturers’ confidence held near a seven- year high, the Bank of Korea said today. An index measuring expectations for July stayed at 104, after reaching 107 in May, the highest since the fourth quarter of 2002. A measure of non- manufacturing companies’ expectations fell to 87 from 90.

The yield on the 4.50 percent bond due in March 2015 was 4.48 percent. The won was at 1,216.75.

Thailand: A central bank report today will show the country had a current-account surplus of $1.4 billion in May, compared with a deficit of $423 million the previous month, according to a Bloomberg survey. The bank will also say industrial production increased 23.9 percent in May from a year earlier after expanding 21.3 percent in April, a separate survey showed.

The yield on the 3.875 percent bond maturing in June 2019 was 3.11 percent. The baht was at 32.43.

For Related News and Information: Asian currencies: TNI ASIA FX Central bank actions: STNI CENTRALBANKACT For most read Asian stories: MNI ASIA Top Economic News: TOP ECO

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