Free Trial

Bond Wrap

SOUTH KOREA
  • Bank of Korea left rates on hold today.
  • BOK reduced their 2024 GDP growth forecast to 2.4% vs 2.5% prior.
  • CPI forecast maintained at 2.1%
  • The small downward revision for GDP leaves door open for a rate cut.
  • The bond market liked the news with bond yields 2-4bps lower on the day.

2yr 3.029% (-4bp) 5yr 2.93% (-3bp) 10yr 2.989% (-2bp) 30yr 2.913% (-0.5bp)

To read the full story

Close

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.