12-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 0.2346 0.00 -4.67
LIBOR EUR 3M 0.0507 7.57 -80.92
LIBOR GBP 3M 0.5588 0.13 6.37
LIBOR JPY 3M 0.1186 -3.49 -19.81
SHIBOR CNY 3M 4.74 31.67 -22.04
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 611.5 0.66 3.13 -35.92
SGS USD 454.3 5.00 0.00 -27.33
TRQ USD 10965.0 3.80 7.65 15.15

Bonds Crncy Yields Mid price
Day
change
DB Bond USD 6.81 97.60 -
MMC Bond USD 29.80 64.50 0.00
TDBM 2015 USD 8.63 99.88 -
TDBM 2017 CNY 11.43 97.10 -0.17
Mongol 2018 USD 6.13 94.09 -0.02
Mongol 2022 USD 7.23 87.10 -0.07
Samurai 2023 JPY 1.19 102.77 0.00
Commodity Prices
Indicator Last 1D % Chg YTD % Chg
Crude oil 92.98 0.16 -5.53
Gold 1,236.33 -0.20 2.60
Copper 6,860.00 -0.49 -6.99
IronOre/Beijing/ 615.00 0.00 -21.66
Coal/Tianjinl/ 860.00 0.00 -26.50

Highlights
U.S
Treasury Is Weighing Action on Hedge-Fund Tax Loophole
Sovereign Bonds Head for Two-Week Loss After Gross Sells in U.S.
Congress Leaders Rally Support for Action on Islamic State
Europe
Pound Seen Tumbling Up to 10% on Scottish Yes Vote: Currencies
Draghi Says Investment Rebound Needs Both Reform and Stimulus
Russians Skip Riviera Retreats as Sanctions Ground Private Jets
Asia
Asian Stocks Extend Drop as Wheat Falls With Gold; Crude Rallies
Japan Seen Needing $47 Billion Stimulus for Next Tax Bump
Bank of Korea Keeps Rate on Hold After Cut as Economy Slows
Commodity
WTI Rises a Second Day as Russia Tensions Escalate; Brent Steady
Gold Falls to Seven-Month Low as U.S. Rate Outlook Curbs Demand
Copper Set for Third Weekly Decline Amid Slowing China Economy
Foreign Exchange Market

12-Sep-14 9:47 11-Sep-14 0:00 1D % Chg YTD % Chg
EUR/USD 1.2915 1.2940 -0.1932 -6.3384
GBP/USD 1.6232 1.6230 0.0123 -2.0162
USD/CHF 1.0676 1.0701 0.2342 5.2735
USD/CNY 6.1314 6.1316 0.0033 -1.2428
USD/JPY 107.26 106.8900 -0.3450 -1.8646



Mongolian Economic Indicators YTD
Indicators unit Jul.2013 Jul.2014
Change
YoY %
Money supply ( M2 ) bln.MNT 8,088.7 10,081.0 24.6
CPI index YoY Chg Percent 8.3 14.9 79.5
Expenditure of Government Budget bln.MNT 3185.7 3466.1 0.8
Government Budget Balance bln.MNT -145.6 -160.9 10.4
Imports mln.USD 3685.0 3148.1 -14.6
External trade Balance mln.USD -1331.4 -207.6 -84.4

-4.74
-1.71
4.05
-0.28
5.16
7.08
6.86
2.52
3.29
4.61
2.95
-0.82
0.00
-0.29
-0.17
0.22
-0.20
-0.09
-0.45
0.09
0.12
-0.12
-6 -4 -2 0 2 4 6 8
Commodity - 121.63
Top20-MSE - 15,657.49
Shanghai - 2,310.38
Hang Seng - 24,694.75
Nikkei 225 - 15,962.04
Stoxx 50 - 3,237.76
DAX - 9,691.28
FTSE 100 - 6,799.62
S&P 500 - 1,997.45
NASDAQ - 4,591.81
Dow Jones - 17,049.00
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
3
-
J
u
l
8
-
J
u
l
1
0
-
J
u
l
1
7
-
J
u
l
2
2
-
J
u
l
2
4
-
J
u
l
2
9
-
J
u
l
3
1
-
J
u
l
5
-
A
u
g
7
-
A
u
g
1
5
-
A
u
g
1
9
-
A
u
g
2
1
-
A
u
g
2
7
-
A
u
g
2
9
-
A
u
g
2
-
S
e
p
4
-
S
e
p
9
-
S
e
p
1
1
-
S
e
p
M
i
l
l
i
o
n
s
Central bank USD swap auction
Buy order from banks
BoM sold USD
Sell order from banks
Bom bought
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D
B
O
M
s
o
l
d

U
S
D


B
O
M

b
o
u
g
h
t

U
S
D


Source: Bloomberg compounded midpoint rate

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

2 12-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 BSI Large All Industry QoQ 3Q -- 11.10 (14.60)
RU Trade Balance Jul 12.0B 17.1B 14.0B
GE CPI YoY Aug F 0.80% 0.80% 0.80%
FR CPI YoY Aug 0.40% 0.40% 0.50%
US Initial Jobless Claims 6-Sep 300K 315K 302K
US Continuing Claims 30-Aug 2490K 2487K 2464K
JN BSI Large All Industry QoQ 3Q -- 11.10 (14.60)




Economic events calendar
Time Event

Survey Prior
2:00 US Monthly Budget Statement Aug -$130.0B -$147.9B
12:30 JN Industrial Production YoY Jul F -- -0.90%
12:30 JN Capacity Utilization MoM Jul -- -3.30%
17:00
EC Industrial Production WDA
YoY
Jul 1.40% 0.00%
17:00 EC Employment YoY 2Q -- 0.20%
20:30 US Retail Sales Advance MoM Aug 0.60% 0.00%
20:30 US Retail Sales Ex Auto MoM Aug 0.30% 0.10%
20:30
US Retail Sales Ex Auto and
Gas
Aug 0.50% 0.10%
20:30 US Import Price Index YoY Aug -0.60% 0.80%
22:00 US Business Inventories Jul 0.40% 0.40%







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.
If you do not want to receive this report further, please contact us to unsubscribe

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%
16.50%
17.50%
M
i
l
l
i
o
n
s
Government bond auction
Total demand Government sold Min rate
Weighted average rate Max rate