Korea Bond Market Daily Report(Gemini): 10/7/2024

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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 2.82% ▲ 4.4 ▼ 41.6 ▼ 128.4
10Y KTB 3.00% ▲ 6.4 ▼ 31.0 ▼ 135.5
Term Spread(bp) 17.2 ▲ 2.0 ▲ 10.6 ▼ 7.1
Corp. AA- 3Y 3.42% ▲ 4.5 ▼ 56.5 ▼ 145.6
Credit spread(bp) 59.1 ▲ 0.1 ▼ 14.9 ▼ 17.2

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 3.92% ▲ 22.4 ▼ 40.6 ▼ 115.6
10Y US Treasury 3.97% ▲ 11.9 ▲ 1.9 ▼ 81.1
Term Spread(bp) 4.5 ▼ 10.5 ▲ 42.5 ▲ 34.5

[Market Trends].

Nonfarm payrolls came in at 25.4 million in September, well above expectations (14.7 million), and the unemployment rate came in at 4.1%, below both expectations and the prior month (4.2% each).
U.S. Treasury rates surge as September jobs surprise fades November big cut hopes Domestic rates rose on strong US PMIs, rising oil prices and caution over the September jobs report.

[Top economic news and events].

Top U.S. News

In the September employment report, nonfarm payrolls came in at 25.4K, significantly above expectations, and the unemployment rate came in below expectations at 4.1%.
The US September jobs report surprised to the upside, putting to rest fears of a US recession.

Featured News

Domestic interest rates rose in the September jobs report as nonfarm payrolls beat expectations by a wide margin and the unemployment rate fell below expectations.
Domestic rates have risen on the back of strong US PMIs and a surge in oil prices, along with caution over the September jobs report.

Other News and Events

The unemployment rate, excluding government jobs, was estimated at 4.5%, above the 4.4% that the Fed reported in the September SEP
A surprise September jobs report has seen expectations for a Fed rate cut in November retreat.

[Response Strategy].

Given the potential for rising interest rates, you need to be strategic when investing in bonds.

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-10-7-2024-2/

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