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SOUTH KOREA: Bond Wrap

SOUTH KOREA
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion
  • Korea’s export momentum seasonally adjusted continues to prove the resilience of the economy and challenges those calling for a rate cut.
  • Exports when seasonally adjusted rose 18% (whilst non s/a showed contraction of -1.1%).
  • This likely supports the BOK decision to hold rates steady despite protestations from the politicians.
  • Equity markets steady as bond yields moved higher. 

2yr 2.881% (+2bp)         5yr 2.9% (+3.5bp)           10yr 3.046% (+3.5bp)          30yr 2.896% (+2bp) 

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  • Korea’s export momentum seasonally adjusted continues to prove the resilience of the economy and challenges those calling for a rate cut.
  • Exports when seasonally adjusted rose 18% (whilst non s/a showed contraction of -1.1%).
  • This likely supports the BOK decision to hold rates steady despite protestations from the politicians.
  • Equity markets steady as bond yields moved higher. 

2yr 2.881% (+2bp)         5yr 2.9% (+3.5bp)           10yr 3.046% (+3.5bp)          30yr 2.896% (+2bp)