Korea Bond Market Daily Report(Gemini): 10/10/2024

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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 2.93% ▼ 2.8 ▼ 30.8 ▼ 108.3
10Y KTB 3.08% ▼ 2.4 ▼ 22.9 ▼ 116.3
Term Spread(bp) 14.5 ▲ 0.4 ▲ 7.9 ▼ 8.0
Corp. AA- 3Y 3.52% ▼ 2.9 ▼ 46.3 ▼ 127.9
Credit spread(bp) 58.5 ▼ 0.1 ▼ 15.5 ▼ 19.6

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 4.02% ▲ 4.2 ▼ 30.8 ▼ 105.8
10Y US Treasury 4.08% ▲ 3.5 ▲ 12.5 ▼ 70.5
Term Spread(bp) 5.3 ▼ 0.7 ▲ 43.3 ▲ 35.3

[Market Trends].

October 10, 2024 Bond Markets1) The September FOMC minutes confirmed that members were split on the size of the rate cut, with some members supporting a 25 basis point cut.
2) US Treasury yields rose as the FOMC minutes confirmed members' support for a 25bp rate cut.

[Top economic news and events].

Top U.S. News

Fed Board member Adriana Kugler expressed optimism about further rate cuts.
Minneapolis Fed President Neil Kashkari said the balance of risks has shifted away from higher inflation and toward higher unemployment.

Featured News

The September FOMC minutes confirmed that members were split on the size of the rate cut, with some members supporting a 25 basis point cut.
Domestic interest rates turned lower on the 8th as foreigners net sold Treasury futures and expectations of WGBI inclusion grew later in the day.

Other News and Events

4) The inclusion of Korean government bonds in the WGBI index has been finalized, and from November next year, 2.2% of the index will consist of Korean government bonds.
The 50-year Treasury note is not eligible for inclusion.

[Response Strategy].

WGBI inclusion expected to lower Treasury yields, stabilize dollar-won exchange rate

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-reportgemini-10-10-2024/

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