{"version":"https://jsonfeed.org/version/1.1","title":"BondStats Asia Daily","home_page_url":"https://www.bondstats.org/asia-daily/","feed_url":"https://www.bondstats.org/asia-daily/feed.json","items":[{"id":"release-rbi-1794484200000-2","url":"https://www.bondstats.org/asia-daily/research/release-rbi-1794484200000-2/","external_url":"https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63963","title":"India: Underwriting Auction for sale of Government Security for ₹34,000 crore on November 13, 2026","content_text":"Reserve Bank of India's underwriting notice specifies ₹34,000 crore of the 6.94% Government Security maturing in 2036, for an auction scheduled on November 13, 2026. The same schedule gives a minimum underwriting commitment of ₹810 crore for each primary dealer. These are the announced terms of the operation, not an allotment or a measure of investor demand.\n\nThe coupon of 6.94% identifies the cash-interest terms of the named security; it is not the yield at which the forthcoming auction will clear. The 2036 maturity establishes the security's place in the sovereign debt profile. Neither of those characteristics alone supplies the government’s eventual borrowing cost, which depends on the price and yield established in the auction result.\n\nUnderwriting transfers a specified part of the primary-market distribution risk to participating primary dealers. A commitment of ₹810 crore per dealer therefore describes an obligation associated with the auction process, rather than the amount ultimately purchased by any one dealer or the level of orders received from end-investors. The distinction matters when evaluating whether government issuance is absorbed smoothly.\n\nThe notified ₹34,000 crore is an issuance amount in the published schedule. It should not be confused with accepted bids, aggregate subscriptions or secondary-market turnover. Those figures are not established by the underwriting notice, so no bid-to-cover ratio, auction yield or realised allocation is inferred from this document.\n\nFor India’s sovereign market, the next material evidence is the RBI’s auction-result publication: accepted amounts and cut-off prices or yields, together with the distribution of demand where disclosed. A historical comparison also requires a prior auction with compatible security and maturity characteristics. Until those records are available, this notice can be analysed as issuance mechanics and primary-dealer exposure, not as proof of improving or deteriorating bond-market conditions.","date_published":"2026-11-12T11:50:00.000Z"},{"id":"hk-2026-11-12","url":"https://www.bondstats.org/asia-daily/research/hk-2026-11-12/","external_url":"https://www.hkma.gov.hk/eng/data-publications-and-research/data-and-statistics/daily-monetary-statistics/","title":"Hong Kong: Aggregate Balance rises","content_text":"Hong Kong's closing Aggregate Balance is reported at HKD 61,710 million on 2026-11-12. The preceding available reading was HKD 56,575 million on 2026-11-11, giving a 5,135 million rise (+9.08%). The series records balances held by banks in the clearing system; it is not a transaction volume or a measure of portfolio flows.\n\nOver the latest 6 published observations, the balance moved from HKD 54,021 million (2026-11-04) to HKD 61,710 million, a net rise of HKD 7,689 million. The comparison uses available reporting observations rather than assuming consecutive calendar days; weekends and non-publication days are not interpolated.\n\nThe wider 11-observation comparison is +HKD 7,585 million against 2026-10-27. Within the latest 16 available records, the reported balance ranged between HKD 53,999 million and HKD 61,710 million. These are descriptive properties of the observed sample, not a forecast or a significance test.\n\nThe separate HKMA interbank-liquidity series identifies a closing balance of HKD 61,710 million for the same date. Matching dates are essential here: an intraday or differently dated liquidity figure is not interchangeable with the end-of-day balance used in this article.\n\nIn Hong Kong’s linked exchange-rate system, the Aggregate Balance is a component of the monetary base and helps describe the banking system’s settlement liquidity. Changes can accompany Exchange Fund operations, demand for Hong Kong dollars and other payment flows. Their interpretation depends on the underlying operations, rather than on the direction of the balance alone. A higher balance is not itself proof of credit expansion, and a fall does not establish capital flight."},{"id":"sg-2026-08-01","url":"https://www.bondstats.org/asia-daily/research/sg-2026-08-01/","external_url":"https://data.gov.sg/datasets/d_cdd73fd4341b345fa4307e44d6f82175/view","title":"Singapore: SGD/USD month-end reference for 2026-08","content_text":"Singapore’s published month-end bilateral SGD/USD reference for 2026-08 is 1.2729 Singapore dollars per US dollar. The preceding month, 2026-07, was 1.2838. This is an official monthly statistical observation rather than an intraday exchange-rate quotation. Its units matter: an increase in SGD per US dollar represents a weaker Singapore dollar against the US dollar on this bilateral measure.\n\nFrom the preceding observation, the quotation decreased by 0.0109 SGD per US dollar (-0.85%). That change is consistent with bilateral SGD appreciation against USD between these two month-end fixes. It is not a measurement of the Singapore dollar’s performance against a trade-weighted basket.\n\nOn a twelve-month comparison, the reference moved from 1.2835 in 2025-08 to 1.2729 in 2026-08, a change of -0.0106 SGD per US dollar. Month-end readings offer comparability across reporting dates, but they cannot show the path taken within each month or isolate the contribution of interest-rate differentials.\n\nSingapore’s monetary framework is centred on the Monetary Authority of Singapore’s management of the Singapore dollar nominal effective exchange rate, rather than a single overnight policy interest rate. The bilateral USD/SGD series in this article is not that effective exchange-rate index. Dollar strength, regional currency movements and Singapore-specific conditions can all influence a bilateral fixing, so the reading does not reveal the slope, width or central path of the MAS policy band.\n\nThe reference month is 2026-08; the data retrieval date is distinct. A defensible policy assessment requires the relevant MAS monetary policy statement, the exchange-rate basket context and additional domestic inflation and growth evidence. No unobserved intervention, policy change or market reaction is assumed here."},{"id":"release-bok-policy-1792632600000-0","url":"https://www.bondstats.org/asia-daily/research/release-bok-policy-1792632600000-0/","external_url":"https://www.bok.or.kr/eng/bbs/E0000627/view.do?nttId=11065824&menuNo=400022","title":"South Korea: Monetary Policy Decision & Opening Remarks to the Press Conference (October 22, 2026)","content_text":"Bank of Korea's independently retrieved monetary-policy decision specifies a base rate of 3.00% and describes the action as a decision to maintain the policy setting. This is a documented policy-rate observation associated with the official release dated 2026-10-22. The stated number is not inferred from the RSS title, a financial-market quotation or an earlier meeting.\n\nFor South Korea, the base rate establishes the central bank's policy reference point, while the effect on commercial-bank funding depends on reserve conditions, market rates and financial institutions' expectations. An unchanged rate does not imply an unchanged monetary environment: market pricing and credit conditions may evolve between meetings.\n\nThis document does not establish how South Korean government-bond yields or the won responded on the announcement day. Those outcomes would require independently dated market observations, an appropriate comparison period and a method capable of separating other contemporaneous influences. The verified decision is therefore reported as a policy action, not as proof of a market response.\n\nFor an institutional reading, the next evidence to compare is the previous Monetary Policy Board decision, any explanatory statement, subsequent money-market conditions and the published inflation and economic outlook. This sequencing distinguishes a change in the central bank's instrument from the speed and strength of monetary transmission.\n\nThe research conclusion is deliberately limited: the first-party document supports a base-rate setting of 3.00% and the described maintain decision. It does not independently demonstrate the magnitude of changes in credit supply, foreign-exchange flows or financial stability. Those questions remain open until additional matched observations are verified.","date_published":"2026-10-22T01:30:00.000Z"},{"id":"release-rbi-1794484200000-0","url":"https://www.bondstats.org/asia-daily/research/release-rbi-1794484200000-0/","external_url":"https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63963","title":"India: Underwriting Auction for sale of Government Security for ₹34,000 crore on November 13, 2026","content_text":"Reserve Bank of India's underwriting notice specifies ₹34,000 crore of the 6.94% Government Security maturing in 2036, for an auction scheduled on November 13, 2026. The same schedule gives a minimum underwriting commitment of ₹810 crore for each primary dealer. These are the announced terms of the operation, not an allotment or a measure of investor demand.\n\nThe coupon of 6.94% identifies the cash-interest terms of the named security; it is not the yield at which the forthcoming auction will clear. The 2036 maturity establishes the security's place in the sovereign debt profile. Neither of those characteristics alone supplies the government’s eventual borrowing cost, which depends on the price and yield established in the auction result.\n\nUnderwriting transfers a specified part of the primary-market distribution risk to participating primary dealers. A commitment of ₹810 crore per dealer therefore describes an obligation associated with the auction process, rather than the amount ultimately purchased by any one dealer or the level of orders received from end-investors. The distinction matters when evaluating whether government issuance is absorbed smoothly.\n\nThe notified ₹34,000 crore is an issuance amount in the published schedule. It should not be confused with accepted bids, aggregate subscriptions or secondary-market turnover. Those figures are not established by the underwriting notice, so no bid-to-cover ratio, auction yield or realised allocation is inferred from this document.\n\nFor India’s sovereign market, the next material evidence is the RBI’s auction-result publication: accepted amounts and cut-off prices or yields, together with the distribution of demand where disclosed. A historical comparison also requires a prior auction with compatible security and maturity characteristics. Until those records are available, this notice can be analysed as issuance mechanics and primary-dealer exposure, not as proof of improving or deteriorating bond-market conditions.","date_published":"2026-11-12T11:50:00.000Z"}]}