Korea Bond Market Daily Report: 11/7/2024

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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 2.96% ▲ 4.2 ▼ 28.0 ▼ 91.7
10Y KTB 3.13% ▲ 6.1 ▼ 17.2 ▼ 92.2
Term Spread(bp) 17.4 ▲ 1.9 ▲ 10.8 ▼ 0.5
Corp. AA- 3Y 3.53% ▲ 3.8 ▼ 45.1 ▼ 119.2
Credit spread(bp) 56.9 ▼ 0.4 ▼ 17.1 ▼ 27.5

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 4.27% ▲ 8.0 ▼ 6.0 ▼ 66.0
10Y US Treasury 4.43% ▲ 17.3 ▲ 48.3 ▼ 23.7
Term Spread(bp) 16.3 ▲ 9.3 ▲ 54.3 ▲ 42.3

[Market Trends].

On November 6, 2024, the U.S. ISM Services Index increased to 56.0%, the highest level in 27 months, raising expectations of an economic recovery.
The 10-year U.S. Treasury yield jumped to 4.43% amid Trump's re-election success and fears of higher interest rates.

[Top economic news and events].

Top U.S. News

Donald Trump won the 2024 U.S. presidential election, increasing the likelihood that the Republican Party will retain control of the House and Senate.
US equity markets closed up on the news of Trump's victory, with the Dow up 3.57% and the S & P500 up 2.53%.

Featured News

South Korea's October consumer price index rose 1.3% year-over-year, slightly below expectations.
South Korean government bond yields have been rising in response to global interest rate hike fears and rising domestic rates due to President-elect Trump.

Other News and Events

After the US election, expectations are growing that economic uncertainty will be resolved.
JPMorgan warned of possible slowdown in economic growth due to tariffs under the Trump administration.

[Response Strategy].

As interest rates in the U.S. and South Korea are expected to rise after Trump's re-election, investors should approach long-term bond investments cautiously and monitor external economic variables.

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-11-7-2024/

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