Tuesday, July 3, 2007

Taiwan's Bonds Drop for Sixth Day on Supply; Currency Slips for Third Day

(Bloomberg) -- Taiwan's 10-year government bonds
declined for a sixth day before an auction of NT$100 billion ($3
billion) today, double last month's debt sale. The currency
slipped for a third day.

Central Bank of the Republic of China (Taiwan) will
continue to issue certificates of deposits, via the open market
operations, to absorb excess reserves, it said in a statement
issued late July 2 on its Web site. The bank reiterated it urged
banks ``not to reject time deposits'' in a meeting with
executives of five major lenders.


Read more at Bloomberg Bonds News

No comments: