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The South Korean MOF will today auction a total KRW 2.8tn in 10-year bonds, consisting of KRW 1.7tn fungible sale (issue KTB 01500-3012), and KRW 1.1tn pre-issue sale (issue KTB 00000-3106). Results are due after 0330BST/1130KST.

  • The MOF last sold 10-year debt on March 15 for a single sale of KRW 2.9tn. The auction drew a yield of 2.155% and was covered 2.63x, the February auction for the same size drew a yield of 1.855% and was covered 3.02x. The December issue, related to the fungible sale, currently yields 2.037%.

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