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SOUTH KOREA: Bond Wrap.

SOUTH KOREA
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion
  • Korean GDP third quarter was weaker than expected prompting calls for further rate cuts by the BOK.
  • Business survey for both manufacturing and non-Manufacturing declined.
  • Bank of Korea sees this year's economic growth below its forecast (source:  Reuters).
  • Equity markets were heavy across the region with the KOSPI down -0.50% and bond yields lower on expectations of further rate cuts. 

2yr 2.947% (-1bp)    5yr 3.019%     10yr 3.111% (-6bp)     30yr 2.945% (-2bp)

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  • Korean GDP third quarter was weaker than expected prompting calls for further rate cuts by the BOK.
  • Business survey for both manufacturing and non-Manufacturing declined.
  • Bank of Korea sees this year's economic growth below its forecast (source:  Reuters).
  • Equity markets were heavy across the region with the KOSPI down -0.50% and bond yields lower on expectations of further rate cuts. 

2yr 2.947% (-1bp)    5yr 3.019%     10yr 3.111% (-6bp)     30yr 2.945% (-2bp)