26-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 0.2351 0.43 -4.47
LIBOR EUR 3M 0.0557 5.39 -79.03
LIBOR GBP 3M 0.5644 -0.03 7.45
LIBOR JPY 3M 0.1207 1.19 -18.36
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 0.0 0.89 0.00 -13.59
SGS USD 125.7 4.54 0.00 -34.01
TRQ USD 2411.4 3.67 -0.27 11.21

Bonds Crncy Yields Mid price
Day
change
DB Bond USD 6.08 99.24 -
MMC Bond USD 28.74 66.25 -
TDBM 2015 USD 8.60 99.90 -
TDBM 2017 CNY 11.19 97.60 -0.07
Mongol 2018 USD 5.63 95.48 0.01
Mongol 2022 USD 6.80 89.58 0.02
Samurai 2023 JPY 1.13 103.23 0.00
Commodity Prices
Indicator Last 1D % Chg YTD % Chg
Crude oil 92.59 0.06 -5.92
Gold 1,226.86 0.54 1.81
Copper 6,741.00 -0.55 -8.61
IronOre/Beijing/ 585.00 -4.88 -25.48
Coal/Tianjinl/ 860.00 0.00 -26.50

Highlights
U.S
Alibaba Bears Emerge to Short 8.9 Million Shares Following IPO
Nike Profit Tops Estimates as World Cup Gear Boosts Sales
Marc Andreessen Warns of Silicon Valley Startups Cash Burn Rate
Europe
Putin Party Proposes Law on Seizing Foreign States Assets
Google to Visa Face Russia Data Rules in Boon to Local Operators
Greek Debt Gives Best Returns as Stocks Reveal Samaras Obstacles
London Home Prices Post First Fall Since 2012 as Demand Declines
Asia
Asian Stocks Drop After U.S. Tumble as Aussie Bonds, Kiwi Rally
Inflation Slowing More Than Forecast Shows Risk for BOJ: Economy
Yield Hungry Yuan Holders Boost Bank of Chinas Structured Sales
New Zealand Bond Sales Booming as Kiwi Strength Rattles Wheeler
Commodity
Brent Crude Heads for Weekly Decline on Ample Supply; WTI Steady
Gold Futures Rebound From Eight-Month Low as U.S. Equities Slide
Copper Falls to 14-Week Low as U.S. Durable-Goods Orders Tumble
Metallurgical Coal Price Falls to 6-Year Low Amid Oversupply
Foreign Exchange Market

26-Sep-14 9:32 25-Sep-14 0:00 1D % Chg YTD % Chg
EUR/USD 1.2756 1.2741 0.1177 -7.4915
GBP/USD 1.6326 1.6303 0.1411 -1.4488
USD/CHF 1.0568 1.0552 -0.1514 6.3494
USD/CNY 6.1332 6.1376 0.0717 -1.2718
USD/JPY 108.58 108.7700 0.1750 -3.0577



Mongolian Economic Indicators YTD
Indicators unit Aug.2013 Aug.2014
Change
YoY %
Money supply ( M2 ) bln.MNT 8,410.1 10,136.0 20.5
CPI index YoY Chg Percent 9.4 13.7 45.7
Expenditure of Government Budget bln.MNT 3,581.4 3,951.0 10,3
Government Budget Balance bln.MNT -131.2 -153.0 -16.6
Imports mln.USD 4,256.9 3,599.3 -15.5
External trade Balance mln.USD -1,553.6 -23.0 85.2

-5.04
0.79
6.25
-5.21
4.26
0.15
-0.81
-2.68
-1.70
-2.27
-0.94
-0.37
0.00
0.07
-0.64
-1.17
-1.29
-1.57
-0.99
-1.62
-1.94
-1.54
-6 -4 -2 0 2 4 6 8
Commodity - 119.08
Top20-MSE - 15,902.72
Shanghai - 2,345.10
Hang Seng - 23,581.56
Nikkei 225 - 16,186.89
Stoxx 50 - 3,202.31
DAX - 9,510.01
FTSE 100 - 6,639.71
S&P 500 - 1,965.99
NASDAQ - 4,466.75
Dow Jones - 16,945.80
INDICATOR - LAST
1D % Chg 1M % Chg
(100.0)
(80.0)
(60.0)
(40.0)
(20.0)
0.0
20.0
40.0
60.0
2
2
-
J
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2
4
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J
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2
9
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J
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3
1
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5
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A
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7
-
A
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1
5
-
A
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1
9
-
A
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2
1
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A
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7
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A
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9
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9
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1
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1
6
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S
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2
3
-
S
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2
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M
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Central bank USD swap auction
Buy order from banks
BoM sold USD
Sell order from banks
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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 26-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 PPI Services YoY Aug 3.70% 3.50% 3.70%
EC M3 Money Supply YoY Aug 1.90% 2.00% 1.80%
EC M3 3-month average Aug 1.80% 1.80% 1.50%
US Initial Jobless Claims
20-
Sep
296K 293K 280K
US Continuing Claims
13-
Sep
2440K 2439K 2429K
US Durable Goods Orders Aug -18.00% -18.20% 22.60%
US Cap Goods Ship Nondef Ex
Air
Aug 0.50% 0.10% 1.50%
US Markit US Services PMI Sep P 59.20 58.50 59.50
US Markit US Composite PMI Sep P -- 58.80 59.70


Economic events calendar
Time Event

Survey Prior
7:01
UK Hometrack Housing Survey
YoY
Sep -- 5.50%
7:30 JN Natl CPI YoY Aug 3.30% 3.40%
7:30 JN Tokyo CPI YoY Sep 2.70% 2.80%
20:30 US GDP Annualized QoQ 2Q T 4.60% 4.20%
20:30 US Personal Consumption 2Q T 2.90% 2.50%
20:30 US GDP Price Index 2Q T 2.10% 2.10%
20:30 US Core PCE QoQ 2Q T 2.00% 2.00%
7:01
UK Hometrack Housing Survey
YoY
Sep -- 5.50%





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0
40,000
80,000
120,000
160,000
200,000
8.50%
9.50%
10.50%
11.50%
12.50%
13.50%
14.50%
15.50%
M
i
l
l
i
o
n
s
Government bond auction
Total demand Government sold Min rate
Weighted average rate Max rate