September 26, 2024 05:19 GMT
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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