BLBG:Japan, China, Taiwan, South Korea, Malaysia: Asian Bonds, Currency Preview
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. Tokyo Electric Power Co. will hold briefings at 11 a.m. and 4:30 p.m. about the nuclear crisis in Fukushima Prefecture. The Ministry of Japan will report the nation’s current account in June.
The yield on the 1.1 percent government bond due June 2021 dropped two basis points to 1.005 percent in Tokyo yesterday, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. A basis point is 0.01 percentage point.
The yen traded at 78.29 per dollar at 7:43 a.m. in Tokyo.
South Korea: The Bank of Korea will sell 1 trillion won ($933 million) of one-year bonds and 1 trillion won of 91-day bills today, while the finance ministry will offer 1.6 trillion won of five-year securities.
The yield on the 3.5 percent government bonds due June 2014 was at 3.62 percent. The won traded at 1,067.35 per dollar.
China: The nation will also offer 22 billion yuan ($3 billion) of five-year municipal bonds.
The yield on the 3.99 percent bond due June 2021 was at 4.06 percent. The yuan stood at 6.4404 per dollar.
Malaysia: Bank Negara will sell 2 billion ringgit ($664 million) of 364-day notes and 2 billion ringgit of 168-day securities.
The yield on the 4.16 percent bond due July 2021 was 3.72 percent. The ringgit was at 3.0135 per dollar.
Taiwan: Export and import data for July will be released today. Exports increased 8.7 percent from a year earlier, after a rise of 10.8 percent in June, according to the median estimate of economists surveyed by Bloomberg.
The yield on the 1.375 percent bond due March 2021 was at 1.397 percent. The Taiwan dollar was at NT$29.025 per dollar.
To contact the reporter on this story: Kyoungwha Kim in Singapore at kkim19@bloomberg.net
To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net
