5-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 0.2341 0.43 -4.88
LIBOR EUR 3M 0.1164 0.62 -56.18
LIBOR GBP 3M 0.5619 0.19 6.96
LIBOR JPY 3M 0.1279 0.00 -13.53
SHIBOR CNY 3M 4.66 29.53 -23.36
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 1760.5 0.66 0.00 -35.92
SGS USD 126.7 4.46 -1.33 -35.17
TRQ USD 1641.8 3.32 -0.90 0.61

Bonds Crncy Yields Mid price
Day
change
DB Bond USD 6.85 97.49 -
MMC Bond USD 31.12 62.65 -
TDBM 2015 USD 8.58 99.92 -
TDBM 2017 CNY 11.38 97.18 0.00
Mongol 2018 USD 6.00 94.43 0.01
Mongol 2022 USD 7.11 87.81 -0.06
Samurai 2023 JPY 1.14 103.19 0.00
Commodity Prices
Indicator Last 1D % Chg YTD % Chg
Crude oil 94.61 0.17 -3.87
Gold 1,260.12 -0.52 4.57
Copper 6,948.50 0.32 -5.79
IronOre/Beijing/ 615.00 0.00 -21.66
Coal/Tianjinl/ 860.00 0.00 -26.50



Highlights
U.S
USD/JPY Climbs to Highest in Almost 6 Years as U.S. Yields Rise
N.Z.s English Sees Further Kiwi Dollar Decline as U.S. Recovers
Europe
Draghi Calls for Almost $1 Trillion of Stimulus With No QE Fight
Bond Drought Seen Challenging Draghis ABS Plan: Credit Markets
U.K. Job Demand Rises to 16-Year High as BOE Divides on Rates
Asia
Yen Sinks to Six-Year Low as Policies Diverge While Gold Drops
Abenomics at Risk as Firms Put Brakes on Spending: Japan Credit
Frugal Russian Shoppers Fuel Alibabas Global Push Ahead of IPO
Commodity
WTI Crude Falls as U.S. Refiners Slow Operations, Curbing Demand
Gold Drops to Lowest Since June as Silver Declines a Second Day
Nickel Set for Fifth Weekly Gain on Philippine Supply Concern
Foreign Exchange Market

5-Sep-14 8:50 4-Sep-14 0:00 1D % Chg YTD % Chg
EUR/USD 1.2931 1.2947 -0.1236 -6.2224
GBP/USD 1.6299 1.6352 -0.3241 -1.6117
USD/CHF 1.0720 1.0735 0.1399 4.8414
USD/CNY 6.1378 6.1372 -0.0098 -1.3458
USD/JPY 105.55 105.3000 -0.2369 -0.2748



Mongolian Economic Indicators YTD
Indicators unit May.2013 May.2014
Change
YoY %
Money supply ( M2 ) bln.MNT 7908.9 10233.3 29.4
CPI index YoY Chg Percent 5.1 6.2 -
Expenditure of Government Budget bln.MNT 1872.0 2284.5 22.0
Government Budget Balance bln.MNT 139.3 -106.9 -
Imports mln.USD 2468.1 2131.9 -13.6
External trade Balance mln.USD -824.8 -204.0 -75.3

-2.53
-0.37
3.92
2.64
2.77
6.67
5.82
2.93
4.03
4.81
3.90
-0.40
-0.09
0.80
-0.08
0.44
1.81
1.02
0.06
-0.15
-0.22
-0.05
-4 -2 0 2 4 6 8
Commodity - 124.67
Top20-MSE - 15,695.85
Shanghai - 2,306.86
Hang Seng - 25,297.92
Nikkei 225 - 15,756.05
Stoxx 50 - 3,277.25
DAX - 9,724.26
FTSE 100 - 6,877.97
S&P 500 - 1,997.65
NASDAQ - 4,562.29
Dow Jones - 17,069.58
INDICATOR - LAST
1D % Chg 1M % Chg
(100.0)
(80.0)
(60.0)
(40.0)
(20.0)
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80.0
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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 5-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
US Total Vehicle Sales Aug 16.60M 17.45M 16.40M
US Domestic Vehicle Sales Aug 13.20M 13.87M 12.95M
GE Factory Orders WDA YoY Jul 1.10% 4.90% -2.40%
GE Markit Germany Construction
PMI
Aug -- 47.70 48.20
EC Markit Eurozone Retail PMI Aug -- 45.80 47.60
US Challenger Job Cuts YoY Aug -- -20.70% 24.40%
US RBC Consumer Outlook Index Sep -- 52.40 51.50
EC ECB Main Refinancing Rate 4-Sep 0.15% 0.05% 0.15%
EC ECB Marginal Lending Facility 4-Sep 0.40% 0.30% 0.40%
EC ECB Deposit Facility Rate 4-Sep -0.10% -0.20% -0.10%
US Trade Balance Jul -$42.4B -$40.5B -$41.5B
US Initial Jobless Claims 30-Aug 300K 302K 298K
US Continuing Claims 23-Aug 2510K 2464K 2527K
US Nonfarm Productivity 2Q F 2.40% 2.30% 2.50%
US Unit Labor Costs 2Q F 0.50% -0.10% 0.60%
US Markit US Services PMI Aug F 58.50 59.50 58.50
US Markit US Composite PMI Aug F -- 59.7 58.8
US ISM Non-Manf. Composite Aug 57.70 59.60 58.70



Economic events calendar
Time Event

Survey Prior
7:50 JN Official Reserve Assets Aug -- $1276.0B
13:00 JN Leading Index CI Jul P

107.10

105.90
17:00 EC GDP SA QoQ 2Q P 0.00% 0.00%
17:00 EC GDP SA YoY 2Q P 0.70% 0.70%
17:00 EC Gross Fix Cap QoQ 2Q -0.60% 0.30%
17:00 EC Govt Expend QoQ 2Q 0.20% 0.30%
17:00 EC Household Cons QoQ 2Q 0.30% 0.10%
20:30 US Change in Nonfarm Payrolls Aug 230K 209K
20:30
US Two-Month Payroll Net
Revision
Aug -- --
20:30 US Change in Private Payrolls Aug 215K 198K
20:30
US Change in Manufact.
Payrolls
Aug 18K 28K
20:30 US Unemployment Rate Aug 6.1% 6.2%
20:30 US Underemployment Rate Aug -- 12.2%
20:30
US Average Hourly Earnings
YoY
Aug 2.00% 2.00%
20:30
US Labor Force Participation
Rate
Aug -- 62.90%






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M
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Government bond auction
Total demand Government sold Min rate
Weighted average rate Max rate