Free Trial

Bonds Drop, Won Weakens As Lee Speaks


Bank of Korea Governor Lee speaking post rate announcement, as expected he is positive on the economy, floating the prospect of mid-3% growth, and noting inflation to be around 2% in Q2. He noted the pace of the recovery depends on the virus and vaccine rollout, and said not expecting the situation to deteriorate from the current levels – 698 new cases were reported in the past 24 hours.

  • Lee also touched on the bond market, he noted timing of the bank's bond buying is dependent on market conditions, and that there was no change in the previously announced plan for bond buying. The BoK will adjust liquidity via MSB's and other tools, and will proceed with preparation for 3-Year MSB issuance. Bond markets are indifferent to the comments though, 10-year future at session lows of 126.43, down 45 ticks.

To read the full story



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.