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SOUTH KOREA: Bond Futures Mixed in Slow Start to the Week. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Korean bond futures were mixed with the 10YR -0.06 lower and the 3YR -0.02 lower in trading today.
  • This despite cash markets being lower across the board, driving yields 1-3bps higher.
  • The move in cash markets is linked to the South Korean opposition proposing an additional budget of KRW30tn to restore confidence in the economy.
  • The Korean 10YR has traded in a very tight range over the last week and currently sits above the 20-day EMA of 118.18 as what had been a period of bullish momentum, starts to fade.
  • The Korean 3YR has held on to a modest gain and is anchored at the centre point between the 50-day EMA of 106.73 and the 100-day EMA of 106.62.
  • The week ahead for the bond market is modest in data with trade data on Friday the key release.
  • The market will likely ebb and flow on the budget proposal news, given the political uncertainty in the country. 
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  • Korean bond futures were mixed with the 10YR -0.06 lower and the 3YR -0.02 lower in trading today.
  • This despite cash markets being lower across the board, driving yields 1-3bps higher.
  • The move in cash markets is linked to the South Korean opposition proposing an additional budget of KRW30tn to restore confidence in the economy.
  • The Korean 10YR has traded in a very tight range over the last week and currently sits above the 20-day EMA of 118.18 as what had been a period of bullish momentum, starts to fade.
  • The Korean 3YR has held on to a modest gain and is anchored at the centre point between the 50-day EMA of 106.73 and the 100-day EMA of 106.62.
  • The week ahead for the bond market is modest in data with trade data on Friday the key release.
  • The market will likely ebb and flow on the budget proposal news, given the political uncertainty in the country.