MNI BRIEF: Canada Says US Tariffs Would Be Error, Set To Reply

CANADA SAYS ABSOLUTELY READY TO RESPOND TO ANY TRUMP TARIFFS

MNI: PBOC Net Injects CNY201 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1703 Tue; -1.66% Y/Y

MNI China Daily Summary: Monday, January 20

MNI BRIEF: China Steel Industry To Control Capacity Further

EZ/UK T-Bill Calendar: 6-month ESM-Bill Auction on Tuesday

EZ/UK Bond Supply Calendar: FR/LT/UK Syndications Near Future

BOC POLLS: CANADIANS SAW RECESSION, INFLATION AFTER TRUMP WIN

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH KOREA: Futures Uptrend Reasserts as 10YR Jumps. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Markets got what they were looking for as President Trump hit the ground running suggesting almost immediate tariffs on Canada and Mexico, whilst potentially softening on China.
  • The Korean 10YR future was an outperformer in the Asia trading day, up +0.70 by mid-afternoon to 118.55, having breached the 118.00 level yesterday.
  • For the benchmark 10yr future, recent moves higher have moved through all key EMAs.  The 20-day EMA is up at 117.7478 and the 200-day EMA at 117.6056.
  • The 3YR future has consolidated yesterday’s gains and is up +0.21 at 106.99, comfortably above the 20-day EMA of 106.7879.
  • Market pricing has 12ps of cuts over 3-month time horizon, 47bps over 1-year.
  • Political uncertainty remains with the President under arrest, and expected to appear at his impeachment trail to defend himself today. (source: BBG)
  • Today’s data releases:  PPI +1.7% (prior +1.4%); first 20 days Exports -5.1% YoY,  first 20 days Imports -1.7%. 
  • Upcoming data of note: 22 JAN Consumer Confidence, 23 JAN GDP (survey +1.4% down from +1.5%prior).
164 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.
  • Markets got what they were looking for as President Trump hit the ground running suggesting almost immediate tariffs on Canada and Mexico, whilst potentially softening on China.
  • The Korean 10YR future was an outperformer in the Asia trading day, up +0.70 by mid-afternoon to 118.55, having breached the 118.00 level yesterday.
  • For the benchmark 10yr future, recent moves higher have moved through all key EMAs.  The 20-day EMA is up at 117.7478 and the 200-day EMA at 117.6056.
  • The 3YR future has consolidated yesterday’s gains and is up +0.21 at 106.99, comfortably above the 20-day EMA of 106.7879.
  • Market pricing has 12ps of cuts over 3-month time horizon, 47bps over 1-year.
  • Political uncertainty remains with the President under arrest, and expected to appear at his impeachment trail to defend himself today. (source: BBG)
  • Today’s data releases:  PPI +1.7% (prior +1.4%); first 20 days Exports -5.1% YoY,  first 20 days Imports -1.7%. 
  • Upcoming data of note: 22 JAN Consumer Confidence, 23 JAN GDP (survey +1.4% down from +1.5%prior).