Japan, Singapore, India, Thailand: Asia Bonds, Currency Preview - BusinessWeek

Sept. 24 (Bloomberg) -- The following events and economic reports may influence trading in Asia’s local bonds and currencies today. Yields and exchange rates are from the previous trading session unless stated otherwise.

Financial markets in South Korea, China and Taiwan are closed today for public holidays.

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 yield on the 1 percent government bond due September 2020 was at 1.015 percent on Sept. 22, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker.

Japan’s financial markets were closed yesterday for a national holiday.

The yen traded at 84.56 per dollar at 8:40 a.m. in Tokyo.

Taiwan: The government is scheduled to report data on money-supply growth for August today.

The yield on the 1.125 percent bond due September 2020 was 1.20 percent, according to Gretai Securities Market. The Taiwan dollar was at NT$31.60.

Singapore: The Economic Development Board will say today industrial production rose 11.7 percent in August from a year earlier, according to a Bloomberg survey of economists, after an increase of 9.9 percent the month before.

The yield on the 3.25 percent debt due September 2020 was 2.08 percent. The Singapore dollar was at S$1.3268.

India: The government plans to raise as much as 110 billion rupees ($2.4 billion) by selling seven-year, ten-year and 30- year bills.

The yield on the 7.80 percent bond due May 2020 was 7.96 percent. The rupee was at 45.605.

Thailand: Foreign-exchange reserves data for the week ended Sept.17 is due today. The reserves increased by 0.3 percent to $157.6 billion the previous week, according to the central bank.

The yield on the 5.85 percent note maturing March 2021 was 3.09 percent. The baht was at 30.67.

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