morning report 26dec2014
DESCRIPTION
reportTRANSCRIPT
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%
-9.79
-1.85
17.98
-2.07
2.28
-1.29
1.40
-1.80
0.72
0.32
1.21
-1.33
0.00
3.36
0.07
-0.16
-0.24
0.57
0.18
-0.01
0.17
0.03
-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)
0.0
50.0
100.0
9/2
3/2
014
9/2
6/2
014
9/30
/201
4
10/
2/2
014
10/
7/2
014
10/
9/2
014
10
/14
/201
4
10
/28
/201
4
11/
4/2
014
11/
6/2
014
11
/11
/201
4
11
/13
/201
4
11
/19
/201
4
11
/25
/201
4
12/
2/2
014
16
/19
/201
4
12
/23
/201
4
12
/25
/201
4
Mill
ion
s
Central bank USD swap auction
Buy order from banks
BoM sold USD
Sell order from banks
Bom bought
BOM
sold USD BOM bought USD
BOM
sold USD BOM bought USD
BOM
sold USD BOM bought USD
BOM
sold USD BOM bought USD
BOM
sold USD BOM bought USD
BOM
sold USD BOM bought USD
BOM
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%
0.04
0.04
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
1.12
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
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at based upon information obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no
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0
40,000
80,000
120,000
160,000
200,000
9.00%
10.00%
11.00%
12.00%
13.00%
14.00%
15.00%
16.00%
17.00%
Mill
ion
s
Government bond auction
Total demand Government sold Min rate
Weighted average rate Max rate