Asian Dollar Deposit Rates

note sale is the first of a two-part quarterly refunding package. The treasury will sell $12.0 billion in 10-year notes today.

The market was waiting for the release of the US March factory orders figures, which are forecast to show a decline of 1.5 per cent compared with a 0.8 per cent increase reported in February.

In day-to-day rates, Tuesday/Wednesday eased 1/16 percentage

point to 5-9/16 5-7/16 per cent. Wednesday/Thursday and week-fixed were unchanged from Mondays common 5-5/8 5-1/2 per cent, respectively.

Among longer dates, two-months was unchanged at 5-3/4 5-5/8 per cent, four-months unchanged at 5-13/16 5-11/16, six-months unchanged at 6 5-7/8 and twelve-months unchanged at 6-1/4 6-1/8 per cent.