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Several Auctions On The Slate

KOREA RATES

The South Korean MOF will today auction KRW 3tn of 3-year paper, issue KTB 00875-2312. Results are due after 0230GMT/1030KST.

  • The MOF last sold 3-year paper on Jan 11, KRW 3.4tn was sold, the auction drew an average yield of 0.985% and was covered 3.008x. The MOF received bids from 0.96% - 1.015%.
  • The MOF will also sell KRW 700bn 3-month bills today, results due after 0530GMT/1430KST.
  • The Bank of Korea also get in on the act today, and will sell KRW 700bn 1-year bonds, results due after 0130GMT/0930KST.

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