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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
KOREA RATES
The MOF will today auction KRW 900bn 20-year bonds, issue KTB 01875-5103. Results due after 0230GMT/1030KST.
- The MOF last sold 20-year debt on Feb 23 for a smaller auction size of KRW 750bn. The sale drew a yield of 2.04% and was covered 2.98x.
- South Korea has said it will take steps to stabilize the bond market if needed. Vice Finance Minister Kim said financial authorities will flexibly adjust the sale volumes of Treasury bonds. "If volatility increases, the government will focus on stabilizing the bond market by taking timely actions through close cooperating with related agencies," said Kim.
- As a note, South Korea plans to issue a total KRW 600bn of debt on a non-competitive basis in March in order to combat yield curve inversion. Will sell:
- KRW 100bn 2-year bonds
- KRW 100bn 3-year bonds
- KRW 400bn 30-year bonds
- Fig 1: South Korea Yield Curve & 1-Month Changes
Source: MNI/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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