Korea Bond Market Daily Report: 11/6/2024

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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 2.92% ▼ 1.7 ▼ 32.2 ▼ 103.1
10Y KTB 3.07% ▼ 2.3 ▼ 23.3 ▼ 103.2
Term Spread(bp) 15.5 ▼ 0.6 ▲ 8.9 ▼ 0.1
Corp. AA- 3Y 3.49% ▼ 1.6 ▼ 48.9 ▼ 129.8
Credit spread(bp) 57.3 ▲ 0.1 ▼ 16.7 ▼ 26.7

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 4.19% ▲ 1.9 ▼ 14.1 ▼ 64.1
10Y US Treasury 4.28% ▼ 3.3 ▲ 32.7 ▼ 29.3
Term Spread(bp) 8.8 ▼ 5.2 ▲ 46.8 ▲ 34.8

[Market Trends].

The U.S. ISM Services Index rose to 56.0% in October, the highest level in 27 months.
South Korea's October headline CPI came in at +1.3% y/y, slightly below expectations, but the impact was limited.

[Top economic news and events].

Top U.S. News

On the day of the U.S. election, polls show Harris with a lead over Trump. New York stocks closed higher as uncertainty around the election eased.
Counting is underway in key battleground states in the 2024 U.S. presidential election, with Pennsylvania in particular in the spotlight.

Featured News

Bank of Korea Governor Lee Chang-yong emphasized the need to be cautious about increasing lending to households and businesses as financial conditions ease in the future.
Treasury yields closed lower as October consumer price inflation came in at 1.3%, impacting equity markets.

Other News and Events

Data was released suggesting that the nonfarm payrolls shock in the US was distorted by hurricanes and strikes.
The Fed's reverse repo balance fell to its lowest level ever.

[Response Strategy].

Given the economic and political uncertainties ahead, it's important to diversify your investment portfolio and consider hedging your bonds against interest rate fluctuations.

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

Download the PDF report: Download PDF



Original Post: https://aicraft.life/korea-bond-market-daily-report-11-6-2024/

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