Futures Track Lower

Futures in South Korea coming under pressure following a move lower in US treasury's overnight, the move lower comes despite a broad risk off tone in South Korea with the KOSPI currently down ~1.8%. 3-Year contract is down 2 ticks at 109.22, 10-Year contract down 15 ticks at 123.84 – both contracts off session works. The MOF sold 30-Year debt earlier, the sale was taken down smoothly thanks to a ~23bps yield concession, bid/cover softened slightly, markets keep one eye on the BoK rate announcement next week. Elsewhere there were reports that the MOF is considering a euro-denominated green bond deal, this would be the first euro-denominated issue with other green issues in the region (from South Korea, Hong Kong and Indonesia) having been in dollars.