Tuesday, May 22, 2007

China, Indonesia, Philippines, Taiwan, Singapore: Asia Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.

China: The government will sell 30 billion yuan ($3.9
billion) of seven-year bonds today. It last sold similar-
maturity debt on Feb. 5 at a yield of 2.93 percent. China should
be cautious when using exchange-rate policy in foreign relations
to avoid strengthening expectations of further yuan appreciation,
Ding Zhijie, deputy dean of the School of Finance at the
University of International Business and Economics in Beijing,
wrote in the Shanghai Securities News yesterday.


Read more at Bloomberg Bonds News

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