Free Trial
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.
SOUTH KOREA
The South Korean MOF will today auction KRW 3.3tn of 30-year bonds, issue #KTB 01875-5103. Results are due after 0230GMT/1030KST.
- The MOF last sold 30-year debt on Feb 1, the issue was auctioned in two parts: KRW1.8tn pre-issue, KRW 1/2tn fungible issue. The fungible issue drew a yield of 1.928% and was covered 3.217x.
- There has been a yield concession of around 14.5bps since the previous auction amid concern over the proposed budget. It was announced last week that the MOF would issue an extra KRW 9.9tn of government bonds to fund the latest extra budget.
- Fig. 1 South Korea Yield Curve Current v 1 Month Ago
Fig. 1
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok