MUMBAI (Bloomberg) -- The following events and economic reports on Monday may influence trading in Asian local-currency bonds. Yields are from the previous session.

China: Central bank Governor Zhou Xiaochuan said Dec. 26 that the nation needs to devise more policies to boost consumption and counter the impact of slowing export growth. Outstanding foreign debt at the end of September rose 18.3 percent to $441.96 billion, from end-2007, the State Administration of Foreign Exchange said the same day.
The yield on the 3.91 percent bond maturing in October 2038 rose one basis point to 3.60 percent, according to the China Interbank Bond Market. A basis point is 0.01 percentage point.
India: Inflation cooled to an almost 10-month low, a government report showed on Dec. 26. Wholesale prices increased 6.61 percent in the week to Dec. 13 from a year earlier, after rising 6.84 percent the previous week.
The yield on the 8.24 percent bond due April 2018 was little changed at 5.61 percent, according to the central bank’s trading system.
Indonesia: Local financial markets are closed Monday for a public holiday.
The yield on the 9 percent bond maturing in September 2018 was little changed at 11.94 percent, according to the Inter Dealer Market Association.
Malaysia: Local financial markets are closed Monday for a public holiday.
The yield on the 5.734 percent bond due July 2019 slipped one basis point to 3.18 percent, according to prices from Bursa Malaysia Bhd.
Philippines: Local financial markets will remain closed until Jan. 2 and trading will resume on Jan. 5.
The yield on the 8.875 percent bond due November 2018 slid 28 basis points to 7.44 percent on Dec. 24, according to the Philippine Dealing & Exchange Corp.
Singapore: Industrial production dropped for a second straight month in November. Manufacturing, which accounts for a quarter of the economy, fell 7.5 percent from a year earlier, following a revised 12.1 percent decline in October, the Economic Development Board said on Dec. 26.
The yield on the 4 percent bond maturing in September 2018 was little changed at 2.18 percent, according to data compiled by Bloomberg.
South Korea: The economy may shrink in the first and second quarters of next year as South Korea is “heavily dependent on the external side,” President Lee Myung Bak said on Dec. 27.
The yield on the 5.75 percent bond due September 2013 slid 11 basis points to 4.08 percent, according to Korea Exchange.
Taiwan: The index of leading indicators, a gauge of economic conditions three months ahead, fell 0.8 percent in November from the previous month, the cabinet’s Council for Economic Planning and Development said on its Web site Dec. 26.
The yield on the 2.125 percent bond maturing September 2018 declined 2.3 basis points to 1.392 percent, according to Gretai Securities Market.
Thailand: “There may be some technical deflation some months in 2009,” Atchana Waiquamdee, deputy governor at the Bank of Thailand said on Dec. 26. The government plans to spend 300 billion baht ($8.6 billion), or about 3 percent of gross domestic product, to help counter a slump, Prime Minister Abhisit Vejjajiva said the same day.
The yield on the 5.625 percent bond due January 2019 was little changed at 2.72 percent, according to the Thai Bond Market Association.