Korea Bond Market Daily Report: 10/18/2024
Korea Bond Market Daily Report
Treasury yields
| Treasury yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 3Y KTB | 2.90% | ▲ 1.7 | ▼ 34.3 | ▼ 109.4 |
| 10Y KTB | 3.03% | ▲ 2.0 | ▼ 27.8 | ▼ 119.6 |
| Term Spread(bp) | 13.1 | ▲ 0.3 | ▲ 6.5 | ▼ 10.2 |
| Corp. AA- 3Y | 3.47% | ▲ 1.5 | ▼ 51.3 | ▼ 132.0 |
| Credit spread(bp) | 57 | ▼ 0.2 | ▼ 17.0 | ▼ 22.6 |
US Treasury Yields
| US Treasury Yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 2Y US Treasury | 3.98% | ▲ 4.6 | ▼ 35.4 | ▼ 121.4 |
| 10Y US Treasury | 4.09% | ▲ 7.5 | ▲ 14.5 | ▼ 73.5 |
| Term Spread(bp) | 11.9 | ▲ 2.9 | ▲ 49.9 | ▲ 47.9 |
[Market Trends].
In the United States, retail sales rose 0.4% month-over-month in September, exceeding expectations of 0.3%, while jobless claims fell, a positive sign of economic growth.
The European Central Bank (ECB) is responding to slowing economic pressures by cutting its benchmark interest rate by 25 basis points.
[Top economic news and events].
Top U.S. News
Trump has a 7 percentage point lead in Georgia, while Harris is leading by 2 percentage points in North Carolina.
The Democratic Party plans to spend more than $1 million to urge passage of an initiative to ensure access to abortion in Florida.
Featured News
In 2024, South Korea's benchmark interest rate is expected to be 2.75%, which is being impacted by a slowing domestic economy.
The South Korean won/dollar exchange rate increased to 1,372.7 won.
Other News and Events
The Fed's GDP Now indicator revised up the U.S. third quarter growth rate to 3.4%.
[Response Strategy].
We'll be keeping a close eye on retail sales data and jobless claims in the U.S. to ensure a positive exit strategy for the economy as a whole.
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-10-18-2024/
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