TRUDEAU SAYS `WE HAVE A LOT OF WORK TO DO'

MNI BRIEF: Canada NDP Will Bring Nonconfidence Motion In Jan.

CANADA NDP SAYS WILL INTRODUCE NONCONFIDENCE MOTION

MNI China Daily Summary: Friday, December 20

MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

EZ/UK T-Bill Calendar: Greece to Sell Bills Monday

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI: BELGIUM DEC BNB BUSINESS CONFIDENCE -13.8

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH KOREA: FED Moves See KTB’s Unwind Rate Cut Expectations.

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Following what is being described as a ‘Hawkish Cut’, Korean yields have followed US yields higher in this morning’s trading.
  • In the period since the Political Upheaval in Korea, yields have ground lower with some market observers suggesting an out of cycle rate cut could be possible.
  • KTB 2YR’s had peaked at 2.97% just days before the attempt at Mashall Law by the Government, falling to 2.62% in the days subsequent.
  • The move this morning has seen a retracement of approximately half of that move, up 6bps to 2.77%.
  • The 5YR is up +7bps at 2.723% and the 10YR up +3bps to 2.789%. 
102 words

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.
  • Following what is being described as a ‘Hawkish Cut’, Korean yields have followed US yields higher in this morning’s trading.
  • In the period since the Political Upheaval in Korea, yields have ground lower with some market observers suggesting an out of cycle rate cut could be possible.
  • KTB 2YR’s had peaked at 2.97% just days before the attempt at Mashall Law by the Government, falling to 2.62% in the days subsequent.
  • The move this morning has seen a retracement of approximately half of that move, up 6bps to 2.77%.
  • The 5YR is up +7bps at 2.723% and the 10YR up +3bps to 2.789%.