Korea Bond Market Daily Report: 1/8/2025
Korea Bond Market Daily Report
Treasury yields
| Treasury yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 3Y KTB | 2.51% | ▼ 1.6 | ▲ 0.1 | ▼ 77.5 |
| 10Y KTB | 2.79% | ▼ 2.3 | ▲ 4.5 | ▼ 55.0 |
| Term Spread(bp) | 28.6 | ▼ 0.7 | ▲ 4.4 | ▲ 22.5 |
| Corp. AA- 3Y | 3.19% | ▼ 1.5 | ▼ 1.0 | ▼ 84.5 |
| Credit spread(bp) | 67.9 | ▲ 0.1 | ▼ 1.1 | ▼ 7.0 |
US Treasury Yields
| US Treasury Yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 2Y US Treasury | 4.29% | ▲ 1.1 | ▲ 4.1 | ▼ 10.9 |
| 10Y US Treasury | 4.69% | ▲ 6.5 | ▲ 11.5 | ▲ 63.5 |
| Term Spread(bp) | 39.4 | ▲ 5.4 | ▲ 7.4 | ▲ 74.4 |
[Market Trends].
The U.S. ISM Services PMI for December beat expectations at 54.1%, with strong increases in business activity and new orders. This sent Treasury rates higher in the bond market.
[Top economic news and events].
Top U.S. News
The U.S. December ISM Services Index beat expectations at 54.1%, while the Business Activity Index increased to 58.2%.
November JOLTS job openings exceeded expectations, increasing to 809.8K. The hiring rate dipped slightly, but the labor market is improving.
Featured News
The BOK's monetary policy committee remained nervous about the exchange rate and household debt issues in January, with the dollar to won exchange rate falling below 1,450 won.
Other News and Events
[Response Strategy].
With interest rates likely to rise amid strong U.S. economic data, it's time to consider a diversified investment strategy across a range of fixed-income assets to protect against rising rates.
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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