October 02, 2024 05:17 GMT
SOUTH KOREA: Bond Wrap.
SOUTH KOREA
- Korean CPI fell below the BOK’s 2% target, leaving room for a potential cut in rates.
- Korean PMI moved to contraction, hitting lowest level since June 2023.
- Equity markets gave back recent gains as Middle East tensions drove risk aversion and the KOSPI 0.50% lower.
- Bonds reacted to the weaker data and growing tensions, with yields significantly lower across the curve.
2yr 2.806% (-6.5bp) 5yr 2.89% (-0.5bp) 10yr 2.942% (-9bp) 30yr 2.826% (-5bp)
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