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The South Korean MOF will today auction KRW 1tn of 20-year bonds, issue KTB 01500-4009. Results due after 0230GMT/1130KST
- The MOF last sold 20-year paper on December 21, the auction was for KRW 400bn and drew a yield of 1.815% with coverage at 3.12.
- South Korean bonds sold off yesterday after reports that the government were considering additional stimulus in the form of hand outs to citizens and compensating SME's for losses sustained due to coronavirus. There is speculation that the government will announce an additional budget just weeks into 2021.