morning report 26dec2014

26-Dec-14

Source: Bloomberg compounded midpoint rate

Contact us: Golomt Bank Treasury Division, Ulaanbaatar-210620A, Mongolia; Tel:+976-70127676, Facsimile: +976-11-311958

Policy Rate Last Prior Last Change date

BoM Policy rate 12.00 10.50 07/31/2014

China Target rate 5.60 6.00 11/24/2012

U.S Fund rate 0.25 1.00 12/16/2008

Euro Refinance rate 0.05 0.15 09/04/2014

U.K Official rate 0.50 1.00 05/03/2009

Japan Target rate 0.10 0.30 12/19/2008

Bank of Mongolia Rate Last Prior Last Change date

Overnight repo 14.00 12.50 07/31/2014

Overnight deposit 10.00 8.50 08/01/2014

Repo 12.50 11.00 08/02/2014

Money Market Rates Indicator

Last 1d% chg YTD% chg

LIBOR USD 3M 0.2566 0.79 4.27

LIBOR EUR 3M 0.0564 0.00 -78.76

LIBOR GBP 3M 0.5596 0.00 6.53

LIBOR JPY 3M 0.1121 0.64 -24.16

SHIBOR CNY 3M 6.05 - -0.49

UBIBOR 3 month 12.50 0.00 -

Stock Indices

Mongolia Related Companies’ Securities

Stocks Crncy Volume

ths. USD Close

1D % Chg

YTD % Chg

MMC HKD 9514.5 0.35 6.06 -50.03

SGS HKD 15.6 3.68 -0.27 -46.51

TRQ USD 1238.1 2.91 0.00 -11.82

Bonds Crncy Yields Mid price Day

change DB Bond USD 7.61 96.25 -

MMC Bond USD 30.49 66.50 -

TDBM 2015 USD 9.20 99.50 -

TDBM 2017 CNY 11.75 96.84 -0.01

Mongol 2018 USD 6.64 93.22 0.03

Mongol 2022 USD 7.30 87.06 0.09

Samurai 2023 JPY 1.02 104.13 -0.00

Commodity Prices

Indicator Last 1D % Chg YTD % Chg

Crude oil 56.13 0.52 -42.97

Gold 1,179.55 0.47 -2.11

Copper 6,361.00 -0.31 -13.76

IronOre/Beijing/ 485.00 -2.02 -38.22

Coal/Tianjinl/ 860.00 0.00 -26.50

Highlights U.S

The One Latin America Winner From U.S. Economic Boom: Currencies Sony’s ‘The Interview’ Goes Online Today at Google, YouTube Sumitomo Mitsui Agrees to Buy Citigroup’s Japan Retail Operation

Europe Ruble Defense Cuts Russian Reserves by $15.7 Billion in Week Europe Stocks Little Changed After Rally Amid Shortened Trading Greece Vote, U.S. Confidence, Brazil: Week Ahead Dec. 27-Jan. 3

Asia Yen Falls Toward Seven-Year Low as Industrial Production Shrinks China Probes Deputy Industry & Commerce Administration Chief Mizuho Cautious on Issuance After Topping Nomura: Japan Credit

Commodity

WTI Crude Opens 2 Cents Higher at $55.86/Bbl in New York Gold Assets in World’s Biggest Bullion ETF Tumble Most Since ‘13 Copper Futures Unchanged in Shanghai Amid Slow Year-End Trading

Foreign Exchange Market

26-Dec-14 9:03 25-Dec-14 0:00 1D % Chg YTD % Chg

EUR/USD 1.2213 1.2234 -0.1717 -11.4294

GBP/USD 1.5563 1.5556 0.0450 -6.0546

USD/CHF 1.0156 1.0162 0.0591 10.6636

USD/CNY 6.2081 6.2045 -0.0580 -2.4629

USD/JPY 120.25 120.1300 -0.0998 -12.4657

Mongolian Economic Indicators YTD Indicators unit Nov.2013 Nov.2014

Change YoY %

Money supply ( M2 ) bln.MNT 1826.9 1689.7 -7.5%

CPI index YoY Chg Percent 11.1 10.1 -9.0%

Expenditure of Government Budget bln.MNT 3539 4122.6 16.5%

Government Budget Balance bln.MNT -166.4 -440.5 -164.7%

Imports mln.USD 5855.3 4832.2 -17.5%

External trade Balance mln.USD -1994.1 358.2 118.0%

-12-10-8 -6 -4 -2 0 2 4 6 8 101214161820

Commodity - 106.16

Top20-MSE - 14,659.47

Shanghai - 3,072.54

Hang Seng - 23,349.34

Nikkei 225 - 17,784.49

Stoxx 50 - 3,184.66

DAX - 9,922.11

FTSE 100 - 6,609.93

S&P 500 - 2,081.88

NASDAQ - 4,773.47

Dow Jones - 18,030.21

INDICATOR - LAST 1D % Chg 1M % Chg

(200.0)

(150.0)

(100.0)

(50.0)

Central bank USD swap auction

Buy order from banks

BoM sold USD

Sell order from banks

Bom bought

sold USD BOM bought USD

Source: Bloomberg compounded midpoint rate

Contact us: Golomt Bank Treasury Division, Ulaanbaatar-210620A, Mongolia; Tel:+976-70127676, Facsimile: +976-11-311958

2 26-Dec-14 MORNING REPORT Treasury Division

Gov.Bill auction calendar

Government bill type

Announcement date

Trading date

Settlement date

Amount

12 weeks 11/07/2014 11/12/2014 11/17/2014 40 Billion

28 weeks 11/14/2014 11/19/2014 11/24/2014 40 Billion

5 years 11/14/2014 11/19/2014 11/24/2014 10 Billion

12 weeks 11/21/2014 11/26/2014 12/01/2014 30 Billion

52 weeks 11/28/2014 12/03/2014 12/08/2014 30 Billion

3 years 11/28/2014 12/03/2014 12/08/2014 10 Billion

12 weeks 12/05/2014 12/10/2014 12/15/2014 50 Billion

28 weeks 12/12/2014 12/17/2014 12/22/2014 60 Billion

5 years 12/12/2014 12/17/2014 12/22/2014 10 Billion

12 weeks 12/19/2014 12/24/2014 12/29/2014 50 Billion

Economic events Event Survey Actual Prior

JN PPI Services YoY Nov 4%

JN Housing Starts YoY Nov -12.8% -14.3% -12.3%

JN Annualized Housing Starts Nov 0.898M 0.888M 0.904M

JN Construction Orders YoY Nov -- 16.9% 15.7%

RU Gold and Forex Reserve 19-Dec

-- 398.9B 414.6B

JN Jobless Rate Nov 3.50% 3.50% 3.50%

JN Job-To-Applicant Ratio Nov 1.10

JN Natl CPI YoY Nov 2.50% 2.40% 2.90%

JN Natl CPI Ex Fresh Food YoY Nov 2.70% 2.70% 2.90%

JN Natl CPI Ex Food, Energy YoY Nov 2.10% 2.10% 2.20%

JN Tokyo CPI YoY Dec 2.10% 2.10% 2.10%

Economic events calendar Time Event Survey Prior

Disclaimer:

The information contained in this report is for general information purposes only. The information and opinions contained herein has been compiled or arrived

at based upon information obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no

guaranty, representation or warranty, express or implied is made as to its accuracy, completeness or correctness, reliability or suitability.

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40,000

80,000

120,000

160,000

200,000

10.00%

11.00%

12.00%

13.00%

14.00%

15.00%

16.00%

17.00%

Government bond auction

Total demand Government sold Min rate

Weighted average rate Max rate

morning report 26dec2014

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