By Frances Yoon - Aug 6, 2010 7:00 AM GMT+0800
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 and Finance Minister Yoshihiko Noda will hold media briefings after a cabinet meeting in the morning. Sengoku will have another press briefing at 4 p.m. in Tokyo.
The Ministry of Finance will release at 8:50 a.m. in Tokyo its report on Japan’s official reserve assets in July.
The Cabinet Office will release at 2 p.m. in Tokyo its report on the nation’s coincident and leading indexes for June. Japan’s coincident index was unchanged from the previous month at 101.2, according to a Bloomberg News survey of economists.
The yield on the 1.1 percent government bond due in June 2020 rose four basis points to 1.035 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.
The yen traded at 85.84 per dollar at 7:54 a.m. in Tokyo.
China: The People’s Bank of China will sell 10 billion yuan ($1.5 billion) of 273-day bills today. The yield on the 2.53 percent bond due in June 2015 was 2.61 percent. The yuan was at 6.7726.
Philippines: The central bank is scheduled to report data on bank lending and money-supply growth for June today. It will also disclose its international reserves for July.
The yield on the 7.75 percent debt due in February 2020 was 7.46 percent, according to Philippine Dealing & Exchange Corp. The peso was at 45.018 per dollar.
Malaysia: Bank Negara will today report its foreign- exchange reserves data as of end-July today. The reserves were $94.81 billion as of July 15.
The yield on the 3.835 percent bond due in August 2015 was 3.39 percent. The ringgit was at 3.1535.
Thailand: The Bank of Thailand will sell 55 billion baht ($1.7 billion) of 14-day bills today. The yield on the 3.625 percent note maturing in May 2015 was 3.03 percent. The baht was at 32.08 per dollar.
Taiwan: Taiwan will sell NT$100 billion ($3.1 billion) worth of 364-day negotiable certificates of deposits. The yield on the 1.375 percent bond due in March 2020 was 1.34 percent. The Taiwan dollar was at NT$31.85 per dollar.
India: India will sell 130 billion rupees ($2.8 billion) worth of bonds maturing in 2017, 2022 bonds and 2032.
The yield on the 7.80 percent bond due in May 2020 was 7.89 percent. The rupee was at 46.1850.
From Bloomberg published on Aug 6, 2010 7:00 AM GMT+0800