(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.
China: U.S. Treasury Secretary Henry Paulson, rejecting
claims in the U.S. Congress that he's too soft on China, said
negotiations rather than sanctions have led to a faster
appreciation of the yuan. ``We are getting results through this
process that wouldn't have been achieved without it,'' Paulson
told reporters as he traveled to China, where he arrived late on
July 29. The yuan's ``rate of appreciation has gone up
materially over the past year,'' he said. China Development Bank,
one of the nation's three public policy lenders, plans to sell
20 billion yuan ($2.64 billion) of 10-year bonds tomorrow.
Read more at Bloomberg Bonds News
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.
China: U.S. Treasury Secretary Henry Paulson, rejecting
claims in the U.S. Congress that he's too soft on China, said
negotiations rather than sanctions have led to a faster
appreciation of the yuan. ``We are getting results through this
process that wouldn't have been achieved without it,'' Paulson
told reporters as he traveled to China, where he arrived late on
July 29. The yuan's ``rate of appreciation has gone up
materially over the past year,'' he said. China Development Bank,
one of the nation's three public policy lenders, plans to sell
20 billion yuan ($2.64 billion) of 10-year bonds tomorrow.
Read more at Bloomberg Bonds News
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