Tuesday, May 8, 2007

China, Indonesia, Malaysia, Singapore, Thailand: 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: China Development Bank will sell 20 billion yuan ($2.6 billion) of 10-year bonds today. Economic growth slowed to 10.8 percent in the second quarter, after an 11.1 percent expansion in the previous three months, according to a forecast by State Information Center published in the China Securities Journal. Inflation will accelerate 3 percent from 2.7 percent in the first quarter, the center said.


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