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(M2) Bearish Focus


Lagging USD sell-off


(M2) Resistance At The 50-EMA Remains Intact


(M2) Bearish Threat Remains Present


(M2) Primary Trend Remains Down

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Auction Details


KOREA AUCTION: The MOF will today auction KRW 3tn of 3-year bonds, issue KTB 01125-2406. Results due after 0600BST/1300HKT.

  • The previous 3-year sale on May 10 was split into a pre-auction and a fungible sale. The KRW 1.8tn fungible sale drew a yield of 1.135% and was covered 2.771x.

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