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The South Korean MOF will today auction KRW 2.9tn of 10-Year bonds, issue KTB 01500-3012.
- The MOF last sold 10-year paper on Jan 18, the sale drew an average yield of 1.710% and was covered 3.056x.
- The yield on benchmark 10-year bonds has advanced for four straight months after the government tabled four supplementary budgets in the past year. 10-Year yield last trades at 1.830%.