8-Dec-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 5.60 6.00 11/24/2012

U.S Fund rate 0.25 1.00 12/16/2008

Euro Refinance rate 0.05 0.15 09/04/2014

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 0.2354 0.21 -4.37

LIBOR USD 3M 0.2356 0.11 -4.27

LIBOR EUR 3M 0.0579 2.53 -78.22

LIBOR GBP 3M 0.5559 0.57 5.82

LIBOR JPY 3M 0.1064 -2.62 -28.02

SHIBOR CNY 3M 6.80 - 11.84

UBIBOR 3 month 12.50 0.00 -

Stock Indices

Mongolia Related Companies’ Securities

Stocks Crncy Volume

ths. USD Close

1D %

Chg

YTD %

Chg

MMC HKD 12463.5 0.44 -7.45 -37.89

SGS HKD 35.4 3.89 -2.75 -43.46

TRQ USD 3026.2 3.11 -0.96 -5.76

Bonds Crncy Yields Mid price Day

change

DB Bond USD 6.46 98.50 -

MMC Bond USD 28.40 68.50 -

TDBM 2015 USD 8.64 99.88 -

TDBM 2017 CNY 11.17 97.81 0.01

Mongol 2018 USD 5.91 95.06 -0.07

Mongol 2022 USD 6.84 89.57 -0.08

Samurai 2023 JPY 1.11 103.38 0.00

Commodity Prices

Indicator Last 1D % Chg YTD % Chg

Crude oil 64.88 -1.46 -34.08

Gold 1,192.53 0.22 -1.04

Copper 6,515.00 -0.31 -11.67

IronOre/Beijing/ 565.00 0.00 -28.03

Coal/Tianjinl/ 860.00 0.00 -26.50

Highlights U.S

Dollar Extends Rallies Versus Yen, Aussie as Economies Diverge Emerging Markets Approach Decade Low on Dollar, Oil: Currencies U.S. Jobs Report Can Seem Like Nerd's Rorschach Test

Europe ECB Loans Seen as Underwhelming Banks to Stoke Draghi’s Resolve BOE Disregards Rate Guidance to Stress the Biggest U.K. Banks Putin’s New Deal for Russia Spells End to 15 Years of Wage Gains

Asia EJapan Recession Deeper Than First Thought as Election Looms Asian Stocks Rise as Payrolls Boost Optimism, Dollar; Oil Sinks China Probe of Zhou for Secrets Leaks May Mean Closed-Door Trial

Commodity

Oil Extends Drop From Five-Year Low as U.S. Drill Rigs Increase Gold Bulls Return as Wagers on Stimulus Accumulate: Commodities Copper Falls as Job Gains Spur Interest Rate Bets: LME Preview

Foreign Exchange Market

8-Dec-14 9:02 5-Dec-14 0:00 1D % Chg YTD % Chg

EUR/USD 1.2295 1.2293 0.0163 -10.8347

GBP/USD 1.5575 1.5590 -0.0962 -5.9821

USD/CHF 1.0222 1.0224 0.0196 9.9491

USD/CNY 6.1500 6.1530 0.0488 -1.5415

USD/JPY 121.48 121.5300 0.0412 -13.3520

Mongolian Economic Indicators YTD Indicators unit Oct.2013 Oct.2014

Change YoY %

Money supply ( M2 ) bln.MNT 8715.9 9980.3 14.5%

CPI index YoY Chg Percent 9.7 9.3 -4.1%

Expenditure of Government Budget bln.MNT 3539 4122.6 16.5%

Government Budget Balance bln.MNT -183 -278.5 -52.2%

Imports mln.USD 5341 4474.3 -16.2%

External trade Balance mln.USD -1860.8 131.4 -107.1%

-4.65

-1.77

21.48

1.92

6.16

6.93

8.56

2.67

2.14

3.20

2.19

0.00

0.11

1.32

0.71

0.19

2.70

2.39

0.95

0.17

0.24

0.33

-6 -4 -2 0 2 4 6 8 1012141618202224

Commodity - 112.20

Top20-MSE - 15,040.45

Shanghai - 2,937.65

Hang Seng - 24,002.64

Nikkei 225 - 17,935.85

Stoxx 50 - 3,277.38

DAX - 10,087.12

FTSE 100 - 6,742.84

S&P 500 - 2,075.37

NASDAQ - 4,780.76

Dow Jones - 17,958.79

INDICATOR - LAST 1D % Chg 1M % Chg

(200.0)

(150.0)

(100.0)

(50.0)

0.0

50.0

100.0

9-S

ep

11-

Sep

16-

Sep

18-

Sep

23-

Sep

26-

Sep

30-

Sep

2-O

ct

7-O

ct

9-O

ct

14-O

ct

28-

Oct

4-N

ov

6-N

ov

11-N

ov

13-N

ov

19-N

ov

25-N

ov

2-D

ec

Mill

ion

s

Central bank USD swap auction

Buy order from banks

BoM sold USD

Sell order from banks

Bom bought

BOM

sold USD BOM bought USD

BOM

sold USD BOM bought USD

BOM

sold USD BOM bought USD

BOM

sold USD BOM bought USD

BOM

sold USD BOM bought USD

BOM

sold USD BOM bought USD

BOM

sold USD BOM bought USD

Source: Bloomberg compounded midpoint rate

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

2 8-Dec-14 MORNING REPORT Treasury Division

Gov.Bill auction calendar

Government bill type

Announcement date

Trading date

Settlement date

Amount

12 weeks 11/07/2014 11/12/2014 11/17/2014 40 Billion

28 weeks 11/14/2014 11/19/2014 11/24/2014 40 Billion

5 years 11/14/2014 11/19/2014 11/24/2014 10 Billion

12 weeks 11/21/2014 11/26/2014 12/01/2014 30 Billion

52 weeks 11/28/2014 12/03/2014 12/08/2014 30 Billion

3 years 11/28/2014 12/03/2014 12/08/2014 10 Billion

12 weeks 12/05/2014 12/10/2014 12/15/2014 50 Billion

28 weeks 12/12/2014 12/17/2014 12/22/2014 60 Billion

5 years 12/12/2014 12/17/2014 12/22/2014 10 Billion

12 weeks 12/19/2014 12/24/2014 12/29/2014 50 Billion

Economic events Event Survey Actual Prior

GE Factory Orders MoM Oct 0.5% 2.5% 0.8%

GE Factory Orders WDA YoY Oct - 2.4% -1.0%

EC GDP SA QoQ 3Q P 0.2% 0.2% 0.2%

EC GDP SA YoY 3Q P 0.8% 0.8% 0.8%

EC Household Cons QoQ 3Q 0.3% 0.5% 0.3%

US Change in Nonfarm Payrolls Nov 230K 321K 214K

US Change in Private Payrolls Nov 225K 314K 209K

CA Net Change in Employment Nov 0.0K -10.7K 43.1K

US Change in Manufact. Payrolls Nov 15K 28K 15K

US Unemployment Rate Nov 0.06 5.8% 5.8%

US Trade Balance Oct -$41.2B -$43.4B -$43.0B

Economic events calendar Time Event Survey Prior

13:00 JN Eco Watchers Survey Current Nov 45.80 44.00

13:00 JN Eco Watchers Survey Outlook Nov 47.00 46.60

15:00 GE Industrial Production SA MoM Oct 0.4% 1.4%

15:00 GE Industrial Production WDA YoY

Oct 0.9% -0.1%

15:30 FR Bank of France Bus. Sentiment

Nov 96.00 96.00

17:30 UK Lloyds Employment Confidence

Nov -- 0.0%

17:30 EC Sentix Investor Confidence Dec (9.00) (11.90)

21:15 CA Housing Starts Nov 195.0K 183.6K

21:30 CA Building Permits MoM Oct 3.9% 12.7%

23:00 US Labor Market Conditions

Index Change Nov -- 4.00

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.

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0

40,000

80,000

120,000

160,000

200,000

9.00%

10.00%

11.00%

12.00%

13.00%

14.00%

15.00%

16.00%

17.00%

Mill

ion

s

Government bond auction

Total demand Government sold Min rate

Weighted average rate Max rate