Korea Bond Market Daily Report(Gemini): 11/7/2024

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].

The U.S. ISM Services Index rose to its highest level in 27 months in October, continuing the economic recovery.
Treasury rates spiked after Trump's victory, with longer-dated rates rising the most.

[Top economic news and events].

Top U.S. News

Former President Trump has been re-elected in the US presidential election.
Trump's election has created uncertainty about the U.S. economy and Fed monetary policy decisions.

Featured News

Domestic interest rates rose after former President Trump won re-election in the US presidential election.
There is growing concern about the increased uncertainty following Trump's election and the impact it will have on the domestic economy.

Other News and Events

The U.S. Senate has a Republican majority.
Unlike during Trump's first term, this time around, the business cycle is less favorable, the labor market is tighter, and upward pressure on inflation is higher, making the spillover effects of Trump's policies more likely.

[Response Strategy].

A rate cut is likely if the economic impact of Trump's policies leads to widespread concerns about slowing growth.


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-reportgemini-11-7-2024/

Comments

Popular posts from this blog

Which age group has the highest average TOEIC score in Korea? 31-35 year olds are the top! / 2024.09.03

Choi Kang-hee shares tearful emotion as she wins Rookie of the Year award after 29 years / 2025.01.28

Actor Yoon Da-hoon's Life Story: Looking Back on 10 Years as a Geese Dad / 2025.02.06