Free Trial

Futures Drop On Hawkish Dissent

KOREA RATES

Futures lower, taking a nosedive during BoK Governor Lee's press conference. He noted that one MPC member called for a 25bps hike, an unexpected hawkish dissent. Lee also said that the need for policy normalization was increasing due to financial imbalances, such as home prices and household debt. 3-year futures drop as much as 21 ticks to 110.11.

  • Lee did note in his press conference that the BoK could purchase government bonds if needed, he said the Bank could take various market stabilization steps if there's a need to ease volatility in market interest rates.

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.