Tuesday, July 3, 2007

Indonesia, Malaysia, Sri Lanka, Taiwan, Thailand: Asian 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: China's Agricultural Development Bank, one of the
nation's three policy banks, will sell 10 billion yuan ($1.32
billion) of floating-rate three-year notes on July 6. The debt
will carry an interest rate of the one-year deposit rate plus a
spread that is to be auctioned. The central bank last month
raised the benchmark one-year deposit rate to 3.06 percent from
0.27 percentage point.


Read more at Bloomberg Bonds News

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