13-Jan-15

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 11/24/2014

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 0.2528 -0.51 -1.10

LIBOR EUR 3M 0.0486 1.48 -17.07

LIBOR GBP 3M 0.5606 -0.11 -0.61

LIBOR JPY 3M 0.1029 0.00 -8.28

SHIBOR CNY 3M 5.06 - -8.00

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 13319.0 0.33 0.00 -2.94

SGS HKD 0.7 3.89 0.52 0.78

TRQ USD 2078.3 2.95 -1.67 -4.84

Bonds Crncy Yields Mid price Day

change DB Bond USD 7.51 96.50 -

MMC Bond USD 30.90 66.50 -

TDBM 2015 USD 9.24 99.50 -

TDBM 2017 CNY 11.71 96.99 -0.02

Mongol 2018 USD 7.02 92.36 0.06

Mongol 2022 USD 7.55 85.76 0.07

Samurai 2023 JPY 1.01 104.14 -0.00

Commodity Prices

Indicator Last 1D % Chg YTD % Chg

Crude oil 47.43 -5.35 -17.27

Gold 1,226.50 0.72 1.70

Copper 6,101.00 -1.06 -4.19

IronOre/Beijing/ 485.00 0.00 0.00

Coal/Australia/ 112.80 0.00 -0.09

Highlights U.S

Fed’s Williams Says June Liftoff ‘Reasonable’ Amid Job Gains Family Dollar Shares Fall Below Acquisition Price for First Time Morgan Stanley Said to Cut at Least 10 in Europe Equity Trading

Europe ECB Warning to Greece on Funding Deploys Tactic Honed in Crisis Ruble Drops on Oil as Russia Credit Risk Climbs After Fitch Cut Greeks Risk Accidental Euro Exit With Syriza, Finance Chief Says

Asia Asian Stocks Drop Amid Commodity Selloff; Japanese Bonds Advance Yen’s Fallout Seen Striking the Won Hardest in Asia: Currencies Japan Plans Record Budget to Help Economy Struck by Recession

Commodity

Oil Drops From 5 1/2-Year Low as U.S. Supply Seen Adding to Glut Gold Advances to Four-Week High on Bets Fed Will Keep Rates Low Copper Falling to 5-Year Low Defies Forecasts for Better Economy

Foreign Exchange Market

13-Jan-15 9:03 12-Jan-15 0:00 1D % Chg YTD % Chg

EUR/USD 1.1840 1.1826 0.1184 -2.1488

GBP/USD 1.5173 1.5164 0.0594 -2.6186

USD/CHF 0.9860 0.9847 -0.1318 2.0588

USD/CNY 6.2012 6.2032 0.0323 0.0919

USD/JPY 117.87 118.3100 0.3733 1.6713

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%

-8.01

-3.47

9.91

3.34

-2.83

0.55

1.95

3.19

1.29

0.24

2.08

-1.67

0.00

-1.71

0.45

-1.84

1.36

1.38

0.00

-0.81

-0.84

-0.54

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

Commodity - 101.90

Top20-MSE - 14,497.93

Shanghai - 3,229.32

Hang Seng - 24,026.46

Nikkei 225 - 16,842.40

Stoxx 50 - 3,084.18

DAX - 9,781.90

FTSE 100 - 6,501.42

S&P 500 - 2,028.26

NASDAQ - 4,664.71

Dow Jones - 17,640.84

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 13-Jan-15 MORNING REPORT Treasury Division

Gov.Bill auction calendar

Government bill type

Announcement date

Trading date

Settlement date

Amount

12 weeks 01/05/2015 01/07/2015 01/12/2015 20 Billion

28 weeks 01/09/2015 01/14/2015 01/19/2015 30 Billion

3 years 01/09/2015 01/14/2015 01/19/2015 10 Billion

12 weeks 01/16/2015 01/21/2015 01/26/2015 25 Billion

52 weeks 01/23/2015 01/28/2015 02/02/2015 20 Billion

5 years 01/23/2015 01/28/2015 02/02/2015 5 Billion

12 weeks 01/30/2015 02/04/2015 02/09/2015 20 Billion

28 weeks 02/06/2015 02/11/2015 02/16/2015 10 Billion

3 years 02/06/2015 02/11/2015 02/16/2015 20 Billion

12 weeks 02/13/2015 02/18/2015 02/23/2015 20 Billion

Economic events Event Survey Actual Prior

FR Bank of France Bus. Sentiment Dec 97.00 96.00 97.00

UK Lloyds Employment Confidence Dec -- (2.00) 1.00

RU CPI MoM Dec F -- 2.6% 2.60%

RU CPI YoY Dec F -- 11.4% 11.40%

RU CPI YTD Dec F -- 11.40% 11.40%

RU CPI Core MoM Dec 2.0% 2.6% 1.00%

RU CPI Core YoY Dec 10.4% 11.2% 8.9%

CA Bloomberg Nanos Confidence 9-Jan -- 56.10 55.80

US Labor Market Conditions Index Change

Dec -- 6.10 2.90

CA Business Outlook Future

Sales 4Q 29.00 8.00 35.00

Economic events calendar Time Event Survey Prior

7:50 JN BoP Current Account

Balance Nov ¥139.5B ¥833.4B

7:50 JN Trade Balance BoP Basis Nov -¥734.0B -¥766.6B

13:00 JN Eco Watchers Survey

Current Dec

44.00

41.50

17:00 IT Industrial Production

MoM Nov 0.1% -0.1%

17:00 IT Industrial Production WDA YoY

Nov -2.7% -3.0%

17:30 UK CPI MoM Dec 0.1% -0.3%

17:30 UK CPI YoY Dec 0.7% 1.0%

17:30 UK CPI Core YoY Dec 1.3% 1.2%

17:30 UK Retail Price Index Dec

257.40

257.10

17:30 UK RPI MoM Dec 0.1% -0.2%

17:30 UK RPI YoY Dec 1.6% 2.0%

17:30 UK PPI Output NSA MoM Dec -0.3% 0.2%

17:30 UK PPI Output NSA YoY Dec -0.4% -0.1%

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

12.00%

12.50%

13.00%

13.50%

14.00%

14.50%

15.00%

15.50%

16.00%

16.50%

17.00%

Mill

ion

s

Government bond auction

Total demand Government sold Min rate

Weighted average rate Max rate