15-Dec-14

Policy Rate
Last
12.00
5.60
0.25
0.05
0.50
0.10

BoM Policy rate

China Target rate
U.S Fund rate
Euro Refinance rate
U.K Official rate
Japan Target rate

Prior
10.50
6.00
1.00
0.15
1.00
0.30

Last Change date

07/31/2014
11/24/2012
12/16/2008
09/04/2014
05/03/2009
12/19/2008

Bank of Mongolia Rate

Last
14.00
10.00
12.50

Overnight repo
Overnight deposit
Repo

Prior Last Change date

12.50
07/31/2014
8.50
08/01/2014
11.00
08/02/2014

Money Market Rates

Indicator

Last
0.2429
0.0600
0.5599
0.1071
6.25
12.50

LIBOR USD 3M
LIBOR EUR 3M
LIBOR GBP 3M
LIBOR JPY 3M
SHIBOR CNY 3M
UBIBOR 3 month

YTD%
chg
-1.32
-77.42
6.58
-27.54
2.80
-

1d% chg
0.94
0.00
0.02
-2.60
0.00

Stock Indices
INDICATOR - LAST

1D % Chg

Highlights

U.S

Krugman Fighting Consensus Says 2015 Fed Rate Increase Unlikely

Hedge Funds Bullish Gold Bets Defy Goldman Outlook
Asian Futures Drop Amid U.S. Stock Rout on Oil While Yen Climbs

Europe

Draghis QE Battle Almost Won as Economists Predict ECB Action

Congress Sends Obama Measure Pushing for More Russia Sanctions
Crimea Ignores Economic Pain to Embrace Putin in New Russia Era

Asia

Yen Climbs After Election; Aussie Touches Low Amid Hostage Siege
Japan Dec. Large Manufacturer Tankan at 12; Est. 13
Yuan in Hong Kong Gains as Fixing Signals PBOC Prefers Stability
Commodity
Oil Trades Near $60 as OPEC Seen Resisting Cuts Even at $40
Gold Extends Drop With Silver Before Fed Monetary Policy Meeting
Copper Futures Rises on U.S. Economic Gains, China Stimulus Bets

Foreign Exchange Market

15-Dec-14 10:56

EUR/USD
GBP/USD
USD/CHF
USD/CNY
USD/JPY

1D % Chg

YTD % Chg

1.2453
1.5711
1.0366
6.1899

12-Dec-14 0:00
1.2456
1.5715
1.0376
6.1888

-0.0241
-0.0255
0.0965
-0.0178

-9.6889
-5.1612
8.4218
-2.1761

118.68

118.4100

-0.2275

-11.3077

1M % Chg

-1.79
Dow Jones - 17,280.83
-2.01
-1.16
NASDAQ - 4,653.60
-0.75
-1.62
S&P 500 - 2,002.33
-1.84
FTSE 100 - 6,300.63 -2.49
-5.32
DAX - 9,594.73 -2.72

3.69

-2.91

Stoxx 50 - 3,067.32

0.24

-1.31
-1.98
-1.57
Hang Seng - 22,919.16
-5.00
-1.10
Shanghai - 2,899.36

Nikkei 225 - 17,144.41

17.22

-0.29
-1.85

Top20-MSE - 15,010.66

100.0
50.0
0.0

-8 -6 -4 -2 0 2 4 6 8 101214161820

Crncy

MMC
SGS
TRQ

HKD
HKD
USD

Volume
ths. USD
559.0
13.5
3268.0

Close
0.40
3.93
3.02

1D %
Chg

YTD %
Chg

-1.25
3.15
-2.89

-43.60
-42.88
-8.48

(100.0)
BOM bought USD

Stocks

(50.0)
Millions

Mongolia Related Companies Securities

BOM sold USD

0.08

Commodity - 111.17
-5.23

Central bank USD swap auction

(150.0)

Crncy

Yields

DB Bond
MMC Bond
TDBM 2015
TDBM 2017
Mongol 2018
Mongol 2022
Samurai 2023

USD
USD
USD
CNY
USD
USD
JPY

7.58
29.37
8.64
11.20
6.12
6.96
1.07

Mid price
96.25
67.50
99.88
97.78
94.53
88.92
103.68

Day
change
-0.01
-0.16
-0.39
0.00

Commodity Prices
Indicator
Crude oil
Gold
Copper
IronOre/Beijing/
Coal/Tianjinl/

Last

1D % Chg

YTD % Chg

57.74
1,217.57
6,542.25
505.00
860.00

-0.12
-0.50
0.38
0.00
0.00

-41.33
1.04
-11.30
-35.67
-26.50

BoM sold USD

Sell order from banks
Bom bought

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
2-Dec
9-Dec

(200.0)
Bonds

Buy order from banks

Mongolian Economic Indicators YTD

Indicators

unit

Oct.2013

Oct.2014

Change
YoY %

Money supply ( M2 )

bln.MNT

8715.9

9980.3

CPI index YoY Chg

Percent

9.7

9.3

14.5%
-4.1%

Expenditure of Government Budget

bln.MNT

3539

4122.6

16.5%
-52.2%

Government Budget Balance

bln.MNT

-183

-278.5

Imports

mln.USD

5341

4474.3

-16.2%

External trade Balance

mln.USD

-1860.8

131.4

-107.1%

Source: Bloomberg compounded midpoint rate

Contact us:

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

15-Dec-14

MORNING REPORT

17.00%

200,000

16.00%
160,000

15.00%
14.00%

120,000

13.00%
80,000

12.00%
11.00%
10.00%
9.00%

Min rate

Economic events

Millions

40,000

Government sold
Max rate

Government bill Announcement

type
date
12 weeks
11/07/2014

Trading
date
11/12/2014

Settlement
date
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

Amount

Economic events calendar

Event

Survey

Actual

Prior

Time

JN Industrial Production YoY

Oct F

--

-0.8%

-1.0%

JN Capacity Utilization MoM

Oct
5Dec
Oct

--

0.7%

3.6%

--

8.28T

8.23T

0.20%

0.10%

0.60%

8:01

RU Money Supply Narrow Def

Gov.Bill auction calendar

Government bond auction

Total demand
Weighted average rate

Treasury Division

7:50
8:01

Event
JN Tankan Large All Industry
Capex
UK Rightmove House Prices
MoM
UK Rightmove House Prices
YoY
JN Tokyo Condominium Sales
YoY

Survey

Prior

4Q

8.1%

8.6%

Dec

--

-1.7%

Dec

--

8.5%

Nov

--

-11%

EC Industrial Production SA MoM

EC Industrial Production WDA
YoY
US PPI Final Demand MoM

Oct

0.70%

0.70%

0.60%

12:00

Nov

-0.10%

-0.20%

0.20%

19:00

UK CBI Trends Total Orders

Dec

3.00

3.00

US PPI Ex Food and Energy MoM

Nov

0.10%

0.00%

0.40%

19:00

UK CBI Trends Selling Prices

Dec

(3.00)

(1.00)

US PPI Final Demand YoY

Nov

1.40%

1.40%

1.50%

21:30

US Empire Manufacturing

Dec

12.00

10.16

US PPI Ex Food and Energy YoY

Nov

1.80%

1.80%

1.80%

22:15

US Industrial Production MoM

Nov

0.7%

-0.1%

22:15

US Capacity Utilization

Nov

79.4%

78.9%

Nov

0.70%

0.00

Dec

59.00

58.00

22:15
23:00

US Manufacturing (SIC)
Production
US NAHB Housing Market
Index

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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Source: Bloomberg compounded midpoint rate

Contact us:

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