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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.
SOUTH KOREA
The Bank of Korea have pledged to purchase KRW 5tn-KRW 7tn in government bonds from the market in the first half of 2021, the bank bought KRW 5tn of government securities from the market in Q4 2020 to combat a rise in yields after a year of bumper issuance.
- Fig 1. South Korea 10-year future chart with annotation
Fig 1, Source: Bloomberg
- 10-year futures have picked up from lows at the open, last down 73 ticks on the session at 127.79, from session lows of 127.20.
- Yields in the US remain elevated which traditionally saps appetite for EM debt, US 10-year yield hovering just below 1.50%, from around 0.90% 3-months ago.
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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