Korea Bond Market Daily Report: 10/17/2024

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Please note: The translations provided on this blog are generated automatically and may not be fully accurate. For the most precise information, refer to the original content in the source language.

Korea Bond Market Daily Report

Treasury yields

Treasury yields Recent DoD (bp) YTD (bp) YoY (bp)
3Y KTB 2.88% ▼ 2.6 ▼ 36.0 ▼ 109.3
10Y KTB 3.01% ▼ 4.2 ▼ 29.8 ▼ 118.3
Term Spread(bp) 12.8 ▼ 1.6 ▲ 6.2 ▼ 9.0
Corp. AA- 3Y 3.45% ▼ 2.3 ▼ 52.8 ▼ 131.7
Credit spread(bp) 57.2 ▲ 0.3 ▼ 16.8 ▼ 22.4

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 3.94% ▼ 0.8 ▼ 38.8 ▼ 114.8
10Y US Treasury 4.02% ▼ 1.2 ▲ 6.8 ▼ 69.2
Term Spread(bp) 7.6 ▼ 0.4 ▲ 45.6 ▲ 45.6

[Market Trends].

Lower international oil prices eased inflation concerns, leading to lower government bond yields in the U.S. and South Korea. In South Korea, net foreign purchases of government bond futures led to further declines in domestic rates.

[Top economic news and events].

Top U.S. News

Bank deposits, one of the main issuance components of the U.S. M2 money supply, posted the largest monthly increase since the Fed's rate hike.

Featured News

South Korea's 10-year government bonds have seen a downward trend in interest rates due to the effect of foreign purchases. In particular, there are various opinions regarding the size of government bond issuance after the confirmation of WGBI inclusion.
This year, the average spread between the 10/30 year is proving to be a very important factor, with the view that the 30-year is more liquid being relatively different.

Other News and Events

Officials are talking about a possible rate cut by the BoE in relation to September's headline CPI, which could have implications for financial markets going forward.
Assets in U.S. money market funds (MMFs) have reached record highs, but this has led to growing uncertainty about the Fed's policy rate.

[Response Strategy].

As interest rates trend lower, it's important to keep a close eye on the evolution of the spread between 10-year and 30-year Treasuries and adjust your investment portfolio to account for liquidity-related factors.

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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Original Post: https://aicraft.life/korea-bond-market-daily-report-10-17-2024/

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