18-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
0.2454
0.0593
0.5590
0.1114
6.25
12.50

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

YTD%
chg
-0.30
-77.69
6.41
-24.64
-1.32
-

1d% chg
1.13
-2.34
0.00
1.96
0.00

Stock Indices
INDICATOR - LAST

1D % Chg

Dollar Approaches 5-Year High on Fed Rate View; Ruble Rebounds

Yellen Doesnt See Fed Raising Interest Rates Before April
Deflation Stalking Many Nations as Oil Takes Toll

Europe

Currency Trading Gets Expensive as Oil, Ruble Foster Stresses

Ruble Rebounds on Central Bank Stability Steps as Sberbank Soars
Draghi Counts Cost of Outflanking ECBs Home Nation in QE Battle

Asia

Abenomics Shocks Japan to Rescue Its Stagnant Economy

Japanese Stocks Surge After Fed Pledges Patience on U.S. Rates
China Fault Lines: Where a Hard Landing Could Be Exposed in 2015
Commodity
Oil Holds Gains From 5-Year Low as Market Weighs Supplies, Iran
Gold Trades Near Two-Week Low as Fed Comments Boost Rates View
China Demand Drop Pushes Iron Ore Shipping Rates to 5-Year Low

Foreign Exchange Market

18-Dec-14 9:04

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

1D % Chg

YTD % Chg

1.2342
1.5583
1.0273
6.1967

17-Dec-14 0:00
1.2413
1.5654
1.0333
6.1966

-0.5720
-0.4536
0.5841
-0.0016

-10.4939
-5.9338
9.4033
-2.2835

118.64

117.6300

-0.8513

-11.2778

1M % Chg

1.69

Dow Jones - 17,356.87

-1.87
2.12

NASDAQ - 4,644.31

-1.24
2.04

S&P 500 - 2,012.89

FTSE 100 - 6,336.48

Highlights

U.S

-1.90
0.07
-5.55
-0.20

DAX - 9,544.43

0.93
0.07

Stoxx 50 - 3,051.99

-2.19
2.46

Nikkei 225 - 17,199.12

-0.63
-0.37
Hang Seng - 22,585.84
-4.01
1.31

Shanghai - 3,061.02

24.62

Top20-MSE - 14,594.90

100.0

0.55

50.0

-3.14

Commodity - 108.85
-7.34

0.0

MMC
SGS
TRQ

HKD
HKD
USD

Volume
ths. USD
5546.5
35.0
3532.4

Close
0.41
3.76
2.88

Bonds

Crncy

Yields

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

USD
USD
USD
CNY
USD
USD
JPY

7.59
29.48
9.18
11.67
6.77
7.35
1.01

1D %
Chg

YTD %
Chg

5.19
2.17
2.86

-42.18
-45.35
-12.73

Mid price
96.25
67.50
99.50
96.95
92.85
86.77
104.18

Day
change
0.00
-0.20
-0.02
0.00

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

Last

1D % Chg

YTD % Chg

56.65
1,192.84
6,419.00
505.00
860.00

0.32
-0.18
0.15
0.00
0.00

-42.44
-1.01
-12.97
-35.67
-26.50

(100.0)

BOM bought USD

Crncy

(50.0)

(150.0)
(200.0)

Buy order from banks

BoM sold USD
Sell order from banks
Bom bought

9/16/2014
9/18/2014
9/23/2014
9/26/2014
9/30/2014
10/2/2014
10/7/2014
10/9/2014
10/14/2014
10/28/2014
11/4/2014
11/6/2014
11/11/2014
11/13/2014
11/19/2014
11/25/2014
12/2/2014
16/19/2014

Mongolia Related Companies Securities

Millions

-10-8-6-4-2 0 2 4 6 810121416182022242628

Stocks

Central bank USD swap auction

BOM sold USD

0.00

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

18-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

Gov.Bill auction calendar

Government bond auction

Total demand
Weighted average rate

Treasury Division

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

JN Trade Balance

Nov

JN Machine Tool Orders YoY

Actual

Prior

Time

Survey

Prior

-992.0B

-891.9B

-710.0B

0:00

GE IFO Business Climate

Dec

105.50

104.70

0:00

GE IFO Current Assessment

Dec

110.40

110.00

17:00

GE IFO Expectations

Dec

100.50

99.70

17:00

UK Retail Sales Ex Auto YoY

Nov

4.50%

4.60%

Event

Nov F

--

36.6%

36.6%

UK Claimant Count Rate

Nov

2.7%

2.7%

2.8%

UK Jobless Claims Change

UK ILO Unemployment Rate
3Mths
EC CPI MoM

Nov

-20.0K

-26.9K

-20.4K

Oct

5.9%

6.0%

6.0%

17:00

UK Retail Sales Incl. Auto MoM

Nov

0.40%

0.80%

--

-0.2%

-0.2%

17:30

UK Retail Sales Incl. Auto YoY

Nov

4.40%

4.30%

0.3%

0.3%

0.3%

17:30

US Initial Jobless Claims

13-Dec

295K

294K

17:30

US Continuing Claims

6-Dec

2436K

2514K

21:30

US Markit US Composite PMI

Dec P

--

56.10

21:30

US Markit US Services PMI

Dec P

56.30

56.20

US CPI YoY

Nov
Nov
F
Nov
F
12Dec
Nov

US CPI Ex Food and Energy YoY

22:45

US Philadelphia Fed Business

Outlook

Dec

26.00

40.80

US Current Account Balance

EC CPI YoY
EC CPI Core YoY
US MBA Mortgage Applications

0.7%

0.7%

0.7%

--

-3.3%

7.3%

1.4%

1.3%

1.7%

Nov

1.8%

1.7%

1.8%

3Q

-$97.5B

0.02

-$98.5B

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