Korea Bond Market Daily Report: 11/29/2024

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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 2.64% ▼ 10.3 ▼ 60.2 ▼ 101.0
10Y KTB 2.79% ▼ 9.2 ▼ 51.8 ▼ 93.8
Term Spread(bp) 15 ▲ 1.1 ▲ 8.4 ▲ 7.2
Corp. AA- 3Y 3.22% ▼ 9.6 ▼ 76.0 ▼ 117.7
Credit spread(bp) 58.2 ▲ 0.7 ▼ 15.8 ▼ 16.7

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 4.25% ▲ 4.2 ▼ 7.8 ▼ 47.8
10Y US Treasury 4.30% ▼ 0.2 ▲ 34.8 ▼ 4.2
Term Spread(bp) 4.6 ▼ 4.4 ▲ 42.6 ▲ 43.6

[Market Trends].

The benchmark interest rate was cut from 3.25% to 3.00% at the November meeting. A series of rate cuts were made to stimulate the economy and domestic demand.
Economic growth and inflation forecasts for 2025 were revised downward to 1.9% and 1.9%, respectively. This is expected to continue the downward trend in domestic interest rates.

[Top economic news and events].

Top U.S. News

U.S. bond markets closed for Thanksgiving. The Fed is expected to signal a pacing of rate cuts at the December FOMC meeting.

Featured News

The Bank of Korea cut its key interest rate by 25 basis points to 3.00% at its November meeting. This resulted in a sharp drop in domestic interest rates.
The November meeting confirmed a monetary policy stance that prioritizes growth over financial stability.

Other News and Events

Canada is considering retaliatory tariffs on U.S. goods in response to President-elect Trump's tariff announcement, but no specific decisions have been made.
ECB President Lagarde emphasizes that the EU should respond to President-elect Trump with negotiations.

[Response Strategy].

Keeping in mind the possibility of further rate cuts, it is necessary to adjust fixed income investment strategies in line with domestic interest rate changes.

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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