Korea Bond Market Daily Report: 10/15/2024
Korea Bond Market Daily Report
Treasury yields
| Treasury yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 3Y KTB | 2.94% | ▼ 0.9 | ▼ 30.2 | ▼ 101.9 |
| 10Y KTB | 3.09% | ▲ 0.2 | ▼ 21.9 | ▼ 108.2 |
| Term Spread(bp) | 14.9 | ▲ 1.1 | ▲ 8.3 | ▼ 6.3 |
| Corp. AA- 3Y | 3.51% | ▼ 1.4 | ▼ 47.1 | ▼ 123.9 |
| Credit spread(bp) | 57.1 | ▼ 0.5 | ▼ 16.9 | ▼ 22.0 |
US Treasury Yields
| US Treasury Yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 2Y US Treasury | 3.95% | ▼ 2.7 | ▼ 37.7 | ▼ 108.7 |
| 10Y US Treasury | 4.10% | ▲ 0.6 | ▲ 14.6 | ▼ 53.4 |
| Term Spread(bp) | 14.3 | ▲ 3.3 | ▲ 52.3 | ▲ 55.3 |
[Market Trends].
[Top economic news and events].
Top U.S. News
Waller suggested a “cautious pace of easing” and noted that the economy may not be slowing as much as desired. These comments are likely to influence the future direction of monetary policy.
The slowdown in US September PPI sent a signal to the bond market, changing the market's forecast for interest rates.
Featured News
Bank of Korea Governor Lee Chang-yong presented an analysis of the current economic situation, emphasizing that lowering interest rates has a stimulative effect on domestic demand.
Regarding the rate cut, he pointed out that a closer look at household debt and the potential for rising real estate prices is needed.
Other News and Events
[Response Strategy].
A cautious approach to the timing of rate cuts will be required, and we will need to continue to monitor various indicators, particularly in the domestic and real estate markets.
Disclaimer The information contained in this report has been obtained from sources believed to be reliable, but we do not guarantee its accuracy or completeness. This report is for informational purposes only and is not a solicitation or offer to buy or sell any security or financial instrument. Opinions expressed in this report are subject to change without notice. Investment decisions are the sole responsibility of the investor and you should seek professional advice as needed
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