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30-Year Auction Preview


The South Korean MOF will today sell KRW 2.8tn of 30-Year bonds, issue KTB 01875-5103. Results due after 0330BST/1030HKT. The MOF last sold 30-Year debt on August 2, the sale drew an average yield of 1.950% and was covered 2.647x. On Friday the MOF announced it would sell KRW 11tn of bonds in September and would purchase KRW 2tn of bonds from the market. In August the MOF sold KRW 16tn of bonds against plans to sell KRW 12.5tn.

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