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South Korean Yields Down On Q2 GDP Drop & Global Trends

ASIA RATES

INDONESIA

  • In the absence of key data releases, bonds yields trended marginally lower in front end yields

2yr 6.59% (-2bp) 5yr 6.77% (-0.5bp) 10yr 6.96% 30yr 7.08% (+0.5bp)


INDIA

  • Indian yields moved lower throughout the day. As market participants digested the output from the budget, expectations of a better than expected fiscal outcome has followed through to forecasts for lower issuance

2yr 6.831 (-1bp) 5yr 6.878% (-3bp) 10yr 6.956% (-1bp) 30yr 7.29% (-1bp)


SOUTH KOREA

  • Korean bonds moved lower in yields across the curve. With GDP for the quarter to June coming in lower than expected bonds were well supported in a day of volatile equity markets.

2yr 3.11% (-9bps) 5yr 3.046% 10yr 3.125% (-1bp) 30yr 3.002% (-0.5bp)

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