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KOREA RATES

The South Korean MOF will today auction KRW 100bn of 10-Year inflation linked bonds, issue KTBi 01125-3006. Results due after 0330BST/1030HKT.

  • The MOF last sold inflation linked debt on June 18, the sale drew a yield of 0.915% and was covered 3.031x. South Korea's CPI accelerated in July, matching a nine-year high seen in May, as hot weather conditions lifted prices of fresh food, while oil products and housing rental and other services costs continued rising. CPI rose 2.6% Y/Y after a 2.4% rise in June. Price pressures are expected to abate as the effects of lockdowns and elevated case numbers become apparent.

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