Japan, China, India, Philippines: Asian Bonds, Currency Preview
April 26, 2010, 7:24 PM EDT
By David Yong
April 27 (Bloomberg) -- 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 Hirofumi Hirano and Finance Minister Naoto Kan will hold media briefings after a cabinet meeting in the morning. Hirano will have another press briefing at 4 p.m. in Tokyo.
The Shoko Chukin Bank will release at 2 p.m. in Tokyo its index of sentiment among Japan’s small and midsized companies for April.
The yield on the 1.4 percent bond due March 2020 was at 1.325 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.
The yen traded at 93.97 per dollar at 7:49 a.m. in Tokyo.
China: The government will auction 28 billion yuan ($4.1 billion) of one-year bonds tomorrow. The notes yielded 1.44 percent at the previous sale on March 3. The central bank will sell 75 billion yuan of one-year bills today. It sold 40 billion yuan of the debt on April 20 at 1.9264 percent.
The yield on the 2.23 percent note due in March 2013 was 2.275 percent, according to the National Interbank Funding Center data. The yuan traded at 6.8266 per dollar.
India: The government will tomorrow sell 70 billion rupees ($1.6 billion) of 91-day bills and 20 billion rupees of 182-day bills.
The yield on the 6.35 percent bond due January 2020 was 8.06 percent, according to the central bank’s trading system. The rupee was at 44.33.
Malaysia: The central bank will tomorrow sell 3 billion ringgit ($944 million) of 91-day notes and 1 billion ringgit of 259-day notes. The government will auction 3.5 billion ringgit of 2015 bonds on April 29.
The yield on the 4.378 percent bond due November 2019 was 4.05 percent. The ringgit was at 3.1825.
Philippines: The government will report its budget balance for March at 2 p.m. local time in Manila. It posted a 33.2 billion peso ($751 million) deficit in February. The treasury scrapped the sale of five-year notes scheduled for today because it already had enough funds.
The yield on the 7.75 percent debt due February 2020 was 7.9 percent, according to Philippine Dealing & Exchange Corp. The peso was at 44.21 per dollar.
Singapore: The government will tomorrow sell S$3.6 billion ($2.6 billion) of 365-day bills. Similar-maturity debt yielded 0.6 percent at the previous sale on Oct. 28.
The yield on the 2.5 percent bond due June 2019 was 2.728 percent. The Singapore dollar was at 1.3675.
Taiwan: The government will auction NT$40 billion ($1.3 billion) of 20-year bonds tomorrow. The debt yielded 1.95 percent at the previous sale on Feb. 10. The economic-planning council will report the leading index for March today. The gauge has risen every month since February 2009.
The yield on the 1.375 percent bond maturing in March 2020 was 1.456 percent, according to Gretai Securities Market, Taiwan’s biggest exchange for bonds. The Taiwan dollar was at NT$31.359.
Thailand: The central bank will today sell a total of 59 billion baht ($1.8 billion) of bills maturing in 28-, 91- and 182-days and bonds due in two years. The government will tomorrow auction 8 billion baht each of 2016 and 2024 securities.
The yield on the 3.875 percent bond maturing in June 2019 was 3.5 percent. The baht was at 32.19 per dollar.
April 26, 2010, 7:24 PM EDT
By David Yong
April 27 (Bloomberg) -- 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 Hirofumi Hirano and Finance Minister Naoto Kan will hold media briefings after a cabinet meeting in the morning. Hirano will have another press briefing at 4 p.m. in Tokyo.
The Shoko Chukin Bank will release at 2 p.m. in Tokyo its index of sentiment among Japan’s small and midsized companies for April.
The yield on the 1.4 percent bond due March 2020 was at 1.325 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.
The yen traded at 93.97 per dollar at 7:49 a.m. in Tokyo.
China: The government will auction 28 billion yuan ($4.1 billion) of one-year bonds tomorrow. The notes yielded 1.44 percent at the previous sale on March 3. The central bank will sell 75 billion yuan of one-year bills today. It sold 40 billion yuan of the debt on April 20 at 1.9264 percent.
The yield on the 2.23 percent note due in March 2013 was 2.275 percent, according to the National Interbank Funding Center data. The yuan traded at 6.8266 per dollar.
India: The government will tomorrow sell 70 billion rupees ($1.6 billion) of 91-day bills and 20 billion rupees of 182-day bills.
The yield on the 6.35 percent bond due January 2020 was 8.06 percent, according to the central bank’s trading system. The rupee was at 44.33.
Malaysia: The central bank will tomorrow sell 3 billion ringgit ($944 million) of 91-day notes and 1 billion ringgit of 259-day notes. The government will auction 3.5 billion ringgit of 2015 bonds on April 29.
The yield on the 4.378 percent bond due November 2019 was 4.05 percent. The ringgit was at 3.1825.
Philippines: The government will report its budget balance for March at 2 p.m. local time in Manila. It posted a 33.2 billion peso ($751 million) deficit in February. The treasury scrapped the sale of five-year notes scheduled for today because it already had enough funds.
The yield on the 7.75 percent debt due February 2020 was 7.9 percent, according to Philippine Dealing & Exchange Corp. The peso was at 44.21 per dollar.
Singapore: The government will tomorrow sell S$3.6 billion ($2.6 billion) of 365-day bills. Similar-maturity debt yielded 0.6 percent at the previous sale on Oct. 28.
The yield on the 2.5 percent bond due June 2019 was 2.728 percent. The Singapore dollar was at 1.3675.
Taiwan: The government will auction NT$40 billion ($1.3 billion) of 20-year bonds tomorrow. The debt yielded 1.95 percent at the previous sale on Feb. 10. The economic-planning council will report the leading index for March today. The gauge has risen every month since February 2009.
The yield on the 1.375 percent bond maturing in March 2020 was 1.456 percent, according to Gretai Securities Market, Taiwan’s biggest exchange for bonds. The Taiwan dollar was at NT$31.359.
Thailand: The central bank will today sell a total of 59 billion baht ($1.8 billion) of bills maturing in 28-, 91- and 182-days and bonds due in two years. The government will tomorrow auction 8 billion baht each of 2016 and 2024 securities.
The yield on the 3.875 percent bond maturing in June 2019 was 3.5 percent. The baht was at 32.19 per dollar.