07

03/11

Japan, Taiwan, Malaysia, Singapore: Asia Bond, Currency Preview

2:40 pm by Mr. Wiseman. Filed under: BusinessWeek

By Yumi Teso

March 7 (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 will hold media briefings at 11 a.m. and 4 p.m. in Tokyo.

The Cabinet Office will release at 2 p.m. in Tokyo its preliminary report on the coincident and leading indexes for January. Japan’s coincident index, a composite of 11 indicators including factory production and retail sales, rose to 105.9 from 103.5 in December, according to a Bloomberg News survey of economists.

The yield on the 1.3 percent government bond due March 2021 was at 1.295 percent, according to Japan Bond Trading Co.

The yen traded at 82.26 per dollar at 7:40 a.m. in Tokyo.

Taiwan: Exports increased 18.3 percent in February from a year earlier after having gained 16.6 percent the previous month, according to the median forecast in a Bloomberg survey before data due today.

Consumer prices rose 1.10 percent in February from the previous year, the slowest pace since October, according to a separate Bloomberg poll before today’s data. Prices advanced 1.11 percent in January.

The yield on the 1.375 percent bond due March 2021 was 1.434 percent. The Taiwan dollar was at NT$29.462 per dollar.

Malaysia: The central bank will release foreign-exchange reserves data as of Feb. 28 today. Reserves stood at $109.6 billion on Feb. 14.

The central bank will sell 1.5 billion ringgit ($495 million) of 63-day Islamic notes and a combined 4 billion ringgit of 210- and 211-day notes.

The yield on the 3.835 percent note due August 2015 was 3.45 percent. The ringgit was at 3.0275.

Philippines: Foreign-exchange reserves data for February is due today. Reserves stood at $63.5 billion in January.

The government will sell a total of 8.5 billion pesos ($196 million) of 91-, 182- and 364-day bills.

The peso was at 43.268.

Singapore: Foreign-exchange reserves data for February will be released today. Reserves stood at $227 billion in January.

The government will sell S$3.9 billion ($3.1 billion) of 91-day Treasury bills.

The yield on the 3.25 percent debt due September 2020 was 2.62 percent. The Singapore dollar was at S$1.2672.

–With assistance from Monami Yui in Tokyo. Editors: Andrew Janes, Nate Hosoda