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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
KOREA RATES
US short end yields continue to drop, while the prospect of rate hikes in Korea keeps yields elevated, the US/SK 2-Year spread holding near recent wides at 122bps. US yields dropped after ISM manufacturing data despite the print falling just short of expectations. In a note ING said: "Although yesterday's US macro data may not be much of an excuse for the latest bond market rally, the default for yields seems to be down unless there is a good reason for them to rise - and there wasn't." Markets await the BoK minutes as a catalyst for short term rates, while coronavirus case numbers have decreased from their peak.
- Fig.1: US/SK 2-Year Spread
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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