4-Sep-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 6.00 6.31 07/06/2012
U.S Fund rate 0.25 1.00 12/16/2008
Euro Refinance rate 0.15 0.25 03/06/2014
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 0.2331 -0.21 -5.28
LIBOR EUR 3M 0.1157 -4.71 -56.45
LIBOR GBP 3M 0.5608 0.21 6.76
LIBOR JPY 3M 0.1279 0.00 -13.53
SHIBOR CNY 3M 3.60 -25.00 -40.79
UBIBOR 3 month 12.50 0.00 -

Stock Indices

Mongolia Related Companies Securities
Stocks
Crncy
Volume
ths. USD
Close
1D %
Chg
YTD %
Chg
MMC USD 1878.5 0.66 3.13 -35.92
SGS USD 160.8 4.52 0.00 -34.30
TRQ USD 8831.6 3.35 -0.89 1.52

Bonds Crncy Yields Mid price
Day
change
DB Bond USD 6.84 97.49 -
MMC Bond USD 31.10 62.65 -
TDBM 2015 USD 8.58 99.92 -
TDBM 2017 CNY 11.37 97.19 -0.00
Mongol 2018 USD 5.93 94.60 0.04
Mongol 2022 USD 7.06 88.03 -0.04
Samurai 2023 JPY 1.14 103.23 0.00
Commodity Prices
Indicator Last 1D % Chg YTD % Chg
Crude oil 95.14 -0.42 -3.33
Gold 1,268.70 -0.01 5.28
Copper 6,926.00 -0.82 -6.10
IronOre/Beijing/ 615.00 0.00 -21.66
Coal/Tianjinl/ 860.00 0.00 -26.50


Highlights
U.S
U.S. Collateral Requirements Re-Proposed for Uncleared Swaps
Stanfords Taylor at Bretton Woods Calls for Monetary Stability
Goldman Leads Dollar Groundswell After Calling Drop: Currencies
Europe
Draghis Push for ECB Easing Intensifies With ABS Plan in Focus
EU Needs Fiscal Policy in Fight to Raise Inflation, Bruegel Says
EU Push for Russian Sanctions Bogs Down Where Soviet Tanks Tread
Putin Seen Waging Shadow War in Ukraine Until NATO Veto Assured
Asia
Asian Stocks Rise as Samsung Buoys Kospi Before BOJ; Crude Drops
Chinas Export Resilience at Risk as Emerging-Market Edge Eroded
Iron Ore Slump No Bar to Supply as China Mines Shut: Commodities
Commodity
WTI Drops Second Time in Three Days Amid Rising Fuel Supplies
Nickel Reaches 4-Week High on Philippine Concerns: LME Preview
Palladium Falls to Two-Week Low on Russia-Ukraine Peace Talks
Foreign Exchange Market

4-Sep-14 8:45 3-Sep-14 0:00 1D % Chg YTD % Chg
EUR/USD 1.3149 1.3141 0.0609 -4.6414
GBP/USD 1.6461 1.6448 0.0790 -0.6338
USD/CHF 1.0895 1.0890 -0.0459 3.1574
USD/CNY 6.1419 6.1405 -0.0228 -1.4116
USD/JPY 104.91 104.8600 -0.0477 0.3336



Mongolian Economic Indicators YTD
Indicators unit May.2013 May.2014
Change
YoY %
Money supply ( M2 ) bln.MNT 7908.9 10233.3 29.4
CPI index YoY Chg Percent 5.1 6.2 -
Expenditure of Government Budget bln.MNT 1872.0 2284.5 22.0
Government Budget Balance bln.MNT 139.3 -106.9 -
Imports mln.USD 2468.1 2131.9 -13.6
External trade Balance mln.USD -824.8 -204.0 -75.3

-1.51
-0.31
2.94
2.92
1.53
4.83
5.16
2.94
3.18
4.30
3.07
-0.10
-1.49
1.00
2.30
-0.11
1.21
1.26
0.65
-0.08
-0.56
0.06
-2 0 2 4 6
Commodity - 125.17
Top20-MSE - 15,710.28
Shanghai - 2,288.63
Hang Seng - 25,317.95
Nikkei 225 - 15,723.97
Stoxx 50 - 3,218.84
DAX - 9,626.49
FTSE 100 - 6,873.58
S&P 500 - 2,000.72
NASDAQ - 4,572.57
Dow Jones - 17,078.28
INDICATOR - LAST
1D % Chg 1M % Chg
(100.0)
(80.0)
(60.0)
(40.0)
(20.0)
0.0
20.0
40.0
60.0
80.0
2
4
-
J
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2
6
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1
7
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2
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J
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2
4
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Central bank USD swap auction
Buy order from banks
BoM sold USD
Sell order from banks
Bom bought
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Source: Bloomberg compounded midpoint rate

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

2 4-Sep-14
MORNING REPORT Treasury Division

Gov.Bill auction calendar

Government bill
type
Announceme
nt date
Trading
date
Settlemen
t date
Amount
52 weeks 9/05/2014 9/10/2014 9/15/2014 30 Billion
3 years 9/05/2014 9/10/2014 9/15/2014 20 Billion
12 weeks 9/12/2014 9/17/2014 9/22/2014 40 Billion
28 weeks 9/19/2014 9/24/2014 9/29/2014 40 Billion
5 years 9/19/2014 9/24/2014 9/29/2014 10 Billion
Economic events
Event

Survey Actual Prior
JN Markit Japan Services PMI Aug -- 49.90 50.40
GE Markit Germany Services PMI Aug F 56.40 54.90 56.40
GE Markit/BME Germany Composite
PMI
Aug F 54.90 53.70 54.90
EC Markit Eurozone Services PMI Aug F 53.50 53.10 53.50
EC Markit Eurozone Composite PMI Aug F 52.80 52.50 52.80
EC Retail Sales YoY Jul 0.90% 0.80% 2.40%
US MBA Mortgage Applications 29-Aug -- 0.20% 2.80%
US ISM New York Aug -- 57.10 68.10
US Factory Orders Jul 11.00% 10.50% 1.10%








Economic events calendar
Time Event

Survey Prior
3:11 US Total Vehicle Sales Aug 16.60M 16.40M
3:12 US Domestic Vehicle Sales Aug 13.20M 12.95M
14:00 GE Factory Orders WDA YoY Jul 1.10% -2.40%
15:30
GE Markit Germany
Construction PMI
Aug -- 48.20
16:10 EC Markit Eurozone Retail PMI Aug -- 47.60
19:30 US Challenger Job Cuts YoY Aug -- 24.40%
19:30
US RBC Consumer Outlook
Index
Sep -- 51.50
19:45 EC ECB Main Refinancing Rate 4-Sep 0.15% 0.15%
19:45
EC ECB Marginal Lending
Facility
4-Sep 0.40% 0.40%
19:45 EC ECB Deposit Facility Rate 4-Sep 0.00 0.00
20:30 US Trade Balance Jul -$42.4B -$41.5B
20:30 US Initial Jobless Claims 30-Aug 300K 298K
20:30 US Continuing Claims 23-Aug 2510K 2527K
20:30 US Nonfarm Productivity 2Q F 2.40% 2.50%
20:30 US Unit Labor Costs 2Q F 0.50% 0.60%
21:45 US Markit US Services PMI Aug F 58.50 58.50
21:45 US Markit US Composite PMI Aug F -- 58.80
22:00 US ISM Non-Manf. Composite Aug 57.70 58.70
0:00
JN BOJ 2014 Monetary Base
Target
4-Sep 270T 270T






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120,000
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8.50%
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14.50%
15.50%
M
i
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Government bond auction
Total demand Government sold Min rate
Weighted average rate Max rate