2
3-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 0.2346 0.00 -4.67 LIBOR EUR 3M 0.0600 -1.17 -77.42 LIBOR GBP 3M 0.5530 0.16 5.27 LIBOR JPY 3M 0.1050 -1.34 -28.99 SHIBOR CNY 3M 4.40 - -27.63 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 0.0 0.50 0.00 -29.33 SGS HKD 1.8 3.84 0.00 -44.19 TRQ USD 3155.0 3.26 4.82 -1.21 Bonds Crncy Yields Mid price Day change DB Bond USD 6.64 98.13 - MMC Bond USD 28.34 68.50 0.37 TDBM 2015 USD 8.64 99.88 - TDBM 2017 CNY 11.16 97.82 -0.05 Mongol 2018 USD 5.84 95.19 0.01 Mongol 2022 USD 6.84 89.55 -0.05 Samurai 2023 JPY 1.11 103.41 -0.00 Commodity Prices Indicator Last 1D % Chg YTD % Chg Crude oil 67.90 1.53 -31.01 Gold 1,200.56 0.11 -0.37 Copper 6,470.50 -0.73 -12.27 IronOre/Beijing/ 565.00 0.00 -28.03 Coal/Tianjinl/ 860.00 0.00 -26.50 Highlights U.S Treasury Yields Extend Advance Versus G-7 Peers as Economy Grows Fed Officials Stress Data Over Dates as Rate Rise Case Builds U.S. Stocks Climb With Dollar as Oil Resumes Rout; Gold Declines Europe European Stocks Rise as Energy Shares Rebound Before ECB Meeting Draghi Powerless on ECB Path Toward QE Without Reforms: Economy Ruble Sinks to Record as Auction Axed After Recession Warning Asia Asian Stocks Follow U.S. Gains While Aussie Slips; Crude Climbs PBOC Easing Bets Fuel Rally in Financial Stocks: China Overnight BOJ’s Negative Yields Seen Reaching Five-Year Bond: Japan Credit Commodity Gold Volatility Reaches 9-Month High on Oil Whipsaw: Commodities Oil’s Rally Fizzles as Kurds Reach Deal on Exports With Iraq Copper Falls for Fifth Time in Six Sessions on Dollar, Economies Foreign Exchange Market 3-Dec-14 9:30 2-Dec-14 0:00 1D % Chg YTD % Chg EUR/USD 1.2384 1.2386 -0.0161 -10.1893 GBP/USD 1.5643 1.5640 0.0192 -5.5717 USD/CHF 1.0285 1.0282 -0.0292 9.2756 USD/CNY 6.1583 6.1497 -0.1396 -1.6742 USD/JPY 119.42 119.2200 -0.1675 -11.8573 Mongolian Economic Indicators YTD Indicators unit Oct.2013 Oct.2014 Change YoY % Money supply ( M2 ) bln.MNT 8715.9 9980.3 14.5% CPI index YoY Chg Percent 9.7 9.3 -4.1% Expenditure of Government Budget bln.MNT 3539 4122.6 16.5% Government Budget Balance bln.MNT -183 -278.5 -52.2% Imports mln.USD 5341 4474.3 -16.2% External trade Balance mln.USD -1860.8 131.4 -107.1% -3.22 -3.87 14.19 -1.43 7.61 4.46 7.22 2.89 1.75 2.09 2.22 -0.75 -0.38 3.11 1.23 0.42 0.60 0.37 1.19 -0.68 -1.34 -0.29 -6 -4 -2 0 2 4 6 8 10 12 14 16 Commodity - 112.51 Top20-MSE - 14,945.34 Shanghai - 2,763.55 Hang Seng - 23,654.30 Nikkei 225 - 17,867.34 Stoxx 50 - 3,238.35 DAX - 9,934.08 FTSE 100 - 6,742.10 S&P 500 - 2,066.55 NASDAQ - 4,755.81 Dow Jones - 17,879.55 INDICATOR - LAST 1D % Chg 1M % Chg (200.0) (150.0) (100.0) (50.0) 0.0 50.0 100.0 9-Sep 11-Sep 16-Sep 18-Sep 23-Sep 26-Sep 30-Sep 2-Oct 7-Oct 9-Oct 14-Oct 28-Oct 4-Nov 6-Nov 11-Nov 13-Nov 19-Nov 25-Nov Millions 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

Morning Report 03Dec2014

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Page 1: Morning Report 03Dec2014

3-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 0.2346 0.00 -4.67

LIBOR EUR 3M 0.0600 -1.17 -77.42

LIBOR GBP 3M 0.5530 0.16 5.27

LIBOR JPY 3M 0.1050 -1.34 -28.99

SHIBOR CNY 3M 4.40 - -27.63

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 0.0 0.50 0.00 -29.33

SGS HKD 1.8 3.84 0.00 -44.19

TRQ USD 3155.0 3.26 4.82 -1.21

Bonds Crncy Yields Mid price Day

change

DB Bond USD 6.64 98.13 -

MMC Bond USD 28.34 68.50 0.37

TDBM 2015 USD 8.64 99.88 -

TDBM 2017 CNY 11.16 97.82 -0.05

Mongol 2018 USD 5.84 95.19 0.01

Mongol 2022 USD 6.84 89.55 -0.05

Samurai 2023 JPY 1.11 103.41 -0.00

Commodity Prices

Indicator Last 1D % Chg YTD % Chg

Crude oil 67.90 1.53 -31.01

Gold 1,200.56 0.11 -0.37

Copper 6,470.50 -0.73 -12.27

IronOre/Beijing/ 565.00 0.00 -28.03

Coal/Tianjinl/ 860.00 0.00 -26.50

Highlights U.S

Treasury Yields Extend Advance Versus G-7 Peers as Economy Grows Fed Officials Stress Data Over Dates as Rate Rise Case Builds U.S. Stocks Climb With Dollar as Oil Resumes Rout; Gold Declines

Europe European Stocks Rise as Energy Shares Rebound Before ECB Meeting Draghi Powerless on ECB Path Toward QE Without Reforms: Economy Ruble Sinks to Record as Auction Axed After Recession Warning

Asia Asian Stocks Follow U.S. Gains While Aussie Slips; Crude Climbs PBOC Easing Bets Fuel Rally in Financial Stocks: China Overnight BOJ’s Negative Yields Seen Reaching Five-Year Bond: Japan Credit

Commodity

Gold Volatility Reaches 9-Month High on Oil Whipsaw: Commodities Oil’s Rally Fizzles as Kurds Reach Deal on Exports With Iraq Copper Falls for Fifth Time in Six Sessions on Dollar, Economies

Foreign Exchange Market

3-Dec-14 9:30 2-Dec-14 0:00 1D % Chg YTD % Chg

EUR/USD 1.2384 1.2386 -0.0161 -10.1893

GBP/USD 1.5643 1.5640 0.0192 -5.5717

USD/CHF 1.0285 1.0282 -0.0292 9.2756

USD/CNY 6.1583 6.1497 -0.1396 -1.6742

USD/JPY 119.42 119.2200 -0.1675 -11.8573

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

Change YoY %

Money supply ( M2 ) bln.MNT 8715.9 9980.3 14.5%

CPI index YoY Chg Percent 9.7 9.3 -4.1%

Expenditure of Government Budget bln.MNT 3539 4122.6 16.5%

Government Budget Balance bln.MNT -183 -278.5 -52.2%

Imports mln.USD 5341 4474.3 -16.2%

External trade Balance mln.USD -1860.8 131.4 -107.1%

-3.22

-3.87

14.19

-1.43

7.61

4.46

7.22

2.89

1.75

2.09

2.22

-0.75

-0.38

3.11

1.23

0.42

0.60

0.37

1.19

-0.68

-1.34

-0.29

-6 -4 -2 0 2 4 6 8 10 12 14 16

Commodity - 112.51

Top20-MSE - 14,945.34

Shanghai - 2,763.55

Hang Seng - 23,654.30

Nikkei 225 - 17,867.34

Stoxx 50 - 3,238.35

DAX - 9,934.08

FTSE 100 - 6,742.10

S&P 500 - 2,066.55

NASDAQ - 4,755.81

Dow Jones - 17,879.55

INDICATOR - LAST 1D % Chg 1M % Chg

(200.0)

(150.0)

(100.0)

(50.0)

0.0

50.0

100.0

9-S

ep

11-

Sep

16-

Sep

18-

Sep

23-

Sep

26-

Sep

30-

Sep

2-O

ct

7-O

ct

9-O

ct

14-O

ct

28-

Oct

4-N

ov

6-N

ov

11-N

ov

13-N

ov

19-N

ov

25-N

ov

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

Page 2: Morning Report 03Dec2014

Source: Bloomberg compounded midpoint rate

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

2 3-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

IT Budget Balance Nov -- -4.9B -8.5B

EC PPI MoM Oct -0.30% -0.40% 0.20%

EC PPI YoY Oct -1.30% -1.30% -1.40%

Economic events calendar Time Event Survey Prior

14:00 JN Markit Japan Services PMI Nov -- 5060.0%

14:00 RU HSBC Russia Services PMI Nov 4780.0% --

16:45 RU HSBC Russia Composite PMI Nov -- --

16:45 IT Markit/ADACI Italy Composite PMI

Nov 4960.00% --

16:50 IT Markit/ADACI Italy Services PMI Nov 5020.00% --

16:50 FR Markit France Services PMI Nov F 4880.00% --

14:00 FR Markit France Composite PMI Nov F 4840.0% --

16:55 GE Markit Germany Services PMI Nov F 5210.0% 5210.0%

16:55 GE Markit/BME Germany Composite PMI

Nov F 52.10 52.10

17:00 EC Markit Eurozone Services PMI Nov F 51.30 51.30

17:00 EC Markit Eurozone Composite PMI Nov F 51.40 51.40

17:30 UK Markit/CIPS UK Services PMI Nov 56.50 56.20

17:30 UK Markit/CIPS UK Composite PMI Nov 5620.0% 5580.0%

18:00 EC Retail Sales MoM Oct 0.5% -1.3%

18:00 EC Retail Sales YoY Oct 1.6% 0.6%

22:45 US Markit US Services PMI Nov F 56.50 56.30

22:45 US Markit US Composite PMI Nov F -- 56.10

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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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