Korea Bond Market Daily Report: 11/22/2024
Korea Bond Market Daily Report
Treasury yields
| Treasury yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 3Y KTB | 2.83% | ▼ 4.4 | ▼ 41.1 | ▼ 81.5 |
| 10Y KTB | 2.98% | ▼ 3.9 | ▼ 32.8 | ▼ 74.8 |
| Term Spread(bp) | 14.9 | ▲ 0.5 | ▲ 8.3 | ▲ 6.7 |
| Corp. AA- 3Y | 3.40% | ▼ 4.2 | ▼ 58.4 | ▼ 104.0 |
| Credit spread(bp) | 56.7 | ▲ 0.2 | ▼ 17.3 | ▼ 22.5 |
US Treasury Yields
| US Treasury Yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
|---|---|---|---|---|
| 2Y US Treasury | 4.35% | ▲ 4.1 | ▲ 2.1 | ▼ 50.9 |
| 10Y US Treasury | 4.42% | ▲ 1.4 | ▲ 47.4 | ▲ 1.4 |
| Term Spread(bp) | 7.3 | ▼ 2.7 | ▲ 45.3 | ▲ 52.3 |
[Market Trends].
In the U.S., Treasury yields rose amid positive employment data, with new jobless claims coming in below expectations, while in South Korea, comments from the Monetary Policy Committee and the financial troubles of Lotte subsidiary pushed rates lower.
Interest rates and exchange rates in the domestic market have been volatile, with the won/dollar exchange rate in particular showing a slight increase.
[Top economic news and events].
Top U.S. News
The 10-year U.S. Treasury yield rose slightly to 4.42%, influenced by strong unemployment data and hawkish comments.
Williams, president of the New York Fed, noted that recent data flows have been positive.
Featured News
The President's office has left open the possibility of a supplemental appropriation and has not denied an active role for finance.
Interest rates fell in South Korea amid fears of a slowing economy and comments from the country's central banker.
Other News and Events
Military tensions between Russia and Ukraine are escalating, and this is having an impact on commodity markets.
Fed Governor Michelle Bowman emphasized the need to be cautious with interest rate policy as inflation slows.
[Response Strategy].
It is important to adjust your asset allocation strategy to account for future interest rate and currency volatility, and to closely monitor economic indicators, especially in the US and South Korea.
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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