Monday, November 22, 2010

Japan, Malaysia, Taiwan, Thailand: Asia Bonds, Currency Preview

Nov. 22  - 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 media briefings at 11 a.m. and 4 p.m. in Tokyo.
The yield on the 1 percent government bond due September 2020 was 1.070 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

The yen traded at 83.50 per dollar at 7:06 a.m. in Tokyo.

Malaysia: The central bank will say gross domestic product rose 5.9 percent in the third quarter from a year earlier, slowing from an 8.9 percent gain in the three months to June 30period, according to a Bloomberg survey.

Bank Negara will sell a combined 2 billion ringgit ($641 million) of 210- and 364-day notes and 500 million ringgit of 119-day Islamic notes.

The yield on the 3.835 percent note due August 2015 was 3.25 percent, according to Bursa Malaysia. The ringgit was at 3.116.

Singapore: Singapore will sell 91-day Treasury bills. The yield on the 3.25 percent bond due September 2020 was 2.12 percent. The Singapore dollar was at S$1.2962.

South Korea: The Ministry of Strategy and Finance will sell 600 billion won ($530 million) of 20-year bonds.
The yield on the 3.75 percent debt due June 2013 was 3.30 percent. The won was at 1,133.65 per dollar.

Taiwan: The statistics bureau will say the unemployment rate fell to 5.04 percent in October from 5.08 percent a month earlier, according to economists surveyed by Bloomberg.

The yield on the 1.125 percent note due in September 2020 was 1.36 percent. The Taiwan dollar was at NT$30.673.

Thailand: The government will say the economy grew at an annual pace of 7.2 percent in the third quarter from a year earlier after having expanded 9.1 percent in the preceding three months, according to economists in a Bloomberg survey.

The Bank of Thailand will sell a combined 3 billion baht ($100 million) of 28-, 91- and 182-day bills.

The yield on the 5.85 percent note due March 2021 was 3.61 percent. The baht was at 29.94.
(Source: Bloomberg)

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