Philippines Bonds (May 2011)
By V. Ramakrishnan
May 6 (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, Finance Minister Yoshihiko Noda and Economic and Fiscal Policy Minister Kaoru Yosano will have media briefings after a cabinet meeting in the morning. Edano will hold another press briefing at 4 p.m. in Tokyo.
The yield on the 1.3 percent government bond due March 2021 was at 1.200 percent on May 2, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. Japan’s financial markets were closed for so-called “Golden Week” holidays from May 3 to 5.
The yen traded at 80.38 per dollar at 7:23 a.m. in Tokyo.
India: The government will sell 120 billion rupees ($2.7 billion) of debt due in 2016, 2022 and 2027 today.
The yield on the 7.80 percent bond due April 2021 was 8.29 percent. The rupee was at 44.67 per dollar.
Taiwan: The government will sell NT$100 billion ($3.5 billion) of 364-day negotiable certificates of deposit today.
The yield on the 1.375 percent bond due March 2021 was 1.40 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$28.632.
Thailand: The Bank of Thailand will report foreign-exchange reserves data for the week ended April 29. Reserves stood at $188.7 billion in the week ended April 22. The central bank will sell 85 billion baht ($2.8 billion) of 14-day bills today.
The yield on the 3.125 percent debt due December 2015 was 3.50 percent. The baht was at 30.10 per dollar.
Malaysia: The trade surplus rose to 12.8 billion ringgit ($4.3 billion) in March, compared with 12.64 billion ringgit in February and the highest in a year, according to the median of economists in a Bloomberg News survey before data due today.
The yield on the benchmark 4.16 percent note due July 2021 was at 4.03 percent. The ringgit was at 2.9955.
Philippines: The central bank will report preliminary foreign reserves for April. Reserves stood at a revised $66 billion the previous month.
The yield on the 6.50 percent bond due April 2021 was 6.35 percent, according to Tradition Financial Services. The peso was at 42.94.
--With assistance from Ronnie Harui and Lilian Karunungan in Singapore. Editors: Andrew Janes, Nate Hosoda
%INR %JPY %CNY %KRW %USD %SGD %THB %PHP %TWD %IDR %MYR
To contact the reporter on this story: V Ramakrishnan in Mumbai at rvenkatarama@bloomberg.net
To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net
http://www.businessweek.com/news/2011-05-05/japan-thailand-philippines-asia-bonds-and-currency-preview.html
