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KOREA RATES

The South Korean MOF will today sell KRW 2.7tn of 5-Year bonds, issue KTB 01250-2603. Results due after 0230BST/0930HKT.

  • The MOF last sold 5-Year debt on May 24, the sale drew an average yield of 1.640% and was covered 3.035x. The issue yields 1.725% in the secondary market, around 4bps off highs after a hawkish set of BoK minutes last week.

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