Japan, China, India, Malaysia, Singapore: Asia Bond, Currency Preview.

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: Japan’s Chief Cabinet Secretary Yoshito Sengoku will hold a media briefing at 11 a.m. Japanese salaries probably rose 0.7 percent in June from a year earlier, according to economists’ estimates. That compares with a 0.1 percent increase in the previous month.

The yield on the 1.1 percent government bond due in June 2020 fell 2.5 basis points to 1.055 percent, according to Japan Bond Trading Co., the nation’s largest interdealer debt broker. The yen traded at 86.39 per dollar at 7:43 a.m. in Tokyo.

China: The HSBC Manufacturing Purchasing Managers’ Index for July is due today. The index was at 50.4 in June. The yield on the 2.53 percent note due in June 2015 was 2.64 percent. The yuan was at 6.7735.

India: The government will release trade data for June. Exports increased 35.1 percent in May from a year earlier and imports climbed 38.5 percent.

The finance ministry may publish details of this week’s debt auction. The government is scheduled to raise as much as 130 billion rupees ($2.8 billion) by selling bonds of different maturities, according to an auction calendar published by the central bank in March.

The yield on the 7.80 percent bond due in May 2020 was 7.79 percent. The rupee was at 46.4100.

Malaysia: The central bank will sell 3.5 billion ringgit ($1.1 billion) of notes due in 91 and 210 days. The government is scheduled to sell more of existing five- and 10-year benchmark bonds in August.

Exports probably rose 17.7 percent in June from a year earlier, according to the median forecast in a Bloomberg News survey before a trade ministry report tomorrow. Shipments climbed 21.9 percent in May.

The yield on the 3.835 percent bond due in August 2015 was 3.41 percent. The ringgit was at 3.1830.

Singapore: The government will sell S$3.6 billion ($2.6 billion) of 91-day T-bills. The yield on the 3.25 percent debt due in September 2020 was 1.96 percent. The Singapore dollar was at S$1.3605.

Indonesia: Inflation probably accelerated to 5.73 percent in July from 5.05 percent in the previous month, according to a Bloomberg survey. Exports climbed 35 percent in June from a year earlier after expanding 36 percent in May, a separate poll showed. Both pieces of data are due today.

The yield on the 11 percent government note due in November 2020 was 8.05 percent, according to the Inter Dealer Market Association. The rupiah was at 8,950.

South Korea: The government will say consumer prices gained 2.6 percent in July from a year earlier, matching the increase in June, according to a Bloomberg survey. The government will sell 900 billion won ($760 million) of three-year bonds and the Bank of Korea will sell 400 billion won of 182-day debt.

The yield on the 4.50 percent bond due in March 2015 was 4.37 percent. The won was at 1,182.75.

Thailand: Consumer prices rose 3.6 percent in July from a year earlier, faster than an increase of 3.3 percent in June, a government report will say today, according to economists surveyed by Bloomberg. The government will sell a combined 8 billion baht ($248 million) of 28-, 91- and 182-day bills.

The yield on the 5.375 percent bond maturing in December 2019 was 3.41 percent. The baht was at 32.28.

Taiwan: The HSBC Manufacturing Purchasing Managers’ Index for July is due today. The index was at 53.8 in June. The yield on the 1.375 percent bond maturing in March 2020 was 1.355 percent. The Taiwan dollar was at NT$32.050.

Source : bloomberg.com