Free Trial

Korean interest rate swaps are off......>

KOREA RATES
KOREA RATES: Korean interest rate swaps are off their highs but remain up on the
day with the 2-year up 0.6bps trading at 1.8830%. Further gains look likely as
inflation pressures continue to rise. 
- Rate expectations are not rising as rapidly as long-term breakeven inflation
expectation, which are trading at 18-month highs of 1.1150%. As a result, in
real terms, rates continue to decline, with the 2-year trading at 76bps from as
high as 139bps at the start of the year. 
- The BOK's reluctance to hike rates amid a more inflationary fiscal outlook and
rising oil import prices is keeping real rates under pressure, which should keep
USDKRW on the front foot. 

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.