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SOUTH KOREA: Bond Wrap.

SOUTH KOREA
  • South Korea expects a tax revenue shortfall for a second year, collecting 29.6 trillion won less than previously forecast, (source:  Finance Ministry).
  • Bank of Korea May Cut Before Housing Cools 100% (source: BOK Board Member Shin Sung Hwan).
  • Bank of Korea releases Oct. monetary stabilization bond issuance plan.
  • Korea’s KOSPI reacted positively to further stimulus news from China, jumping over 2% in today’s trading.
  • The bond market liked the story too with bond yields trending lower. 

 

2yr 2.823% (-0.5bp)      5yr 2.873% (-0.5bp)      10yr 3.017% (-0.5bp)       30yr 2.893%  (-0.5bp)

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  • South Korea expects a tax revenue shortfall for a second year, collecting 29.6 trillion won less than previously forecast, (source:  Finance Ministry).
  • Bank of Korea May Cut Before Housing Cools 100% (source: BOK Board Member Shin Sung Hwan).
  • Bank of Korea releases Oct. monetary stabilization bond issuance plan.
  • Korea’s KOSPI reacted positively to further stimulus news from China, jumping over 2% in today’s trading.
  • The bond market liked the story too with bond yields trending lower. 

 

2yr 2.823% (-0.5bp)      5yr 2.873% (-0.5bp)      10yr 3.017% (-0.5bp)       30yr 2.893%  (-0.5bp)