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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.
KOREA RATES
Markets await a speech from BoK Governor Lee at 0320GMT/1120KST after the BoK kept interest rates on hold at 0.50%, the bank also upgraded inflation forecasts and kept growth forecasts for 2021 unchanged at 3%.
- Bond futures are under pressure early in the session, the 10-year down 31 ticks at 128.55, while the 3-year is down 4 ticks at 111.55.
- Participants will be scrutinising his comments for any signs that the bank will provide extra support to bond markets through OMO's. The 10-year yield has climbed sharply in recent weeks to around 1.9%, a level not seen since 2019.
- The market has been support by foreign inflows, purchases from foreigners have been strong in 2021 so far, but foreign demand is anything but certain especially in the midst of a global reflation trade, and heavy selling was seen at several points last year.
Bond Inflows
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.
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