Korea Bond Market Daily Report: 12/17/2024
Korea Bond Market Daily Report
Treasury yields
Treasury yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
---|---|---|---|---|
3Y KTB | 2.55% | ▲ 1.2 | ▼ 68.7 | ▼ 72.8 |
10Y KTB | 2.72% | ▲ 4.5 | ▼ 58.5 | ▼ 63.7 |
Term Spread(bp) | 16.8 | ▲ 3.3 | ▲ 10.2 | ▲ 9.1 |
Corp. AA- 3Y | 3.21% | ▲ 1.5 | ▼ 76.8 | ▼ 79.8 |
Credit spread(bp) | 65.9 | ▲ 0.3 | ▼ 8.1 | ▼ 7.0 |
US Treasury Yields
US Treasury Yields | Recent | DoD (bp) | YTD (bp) | YoY (bp) |
---|---|---|---|---|
2Y US Treasury | 4.25% | ▲ 0.3 | ▼ 7.7 | ▼ 18.7 |
10Y US Treasury | 4.40% | ▲ 0.3 | ▲ 45.3 | ▲ 49.3 |
Term Spread(bp) | 15 | 0.0 | ▲ 53.0 | ▲ 68.0 |
[Market Trends].
The preliminary S&P Global US Services PMI for December came in at 58.5, up from 56.1 in the previous month, indicating strength in the services sector.
South Korea's government bond rates have risen as political uncertainty has eased, and ultra-long-dated bonds are expected to strengthen.
[Top economic news and events].
Top U.S. News
US Treasury rates are trading in a narrow range as we await the outcome of the December FOMC.
The 10-year Treasury bond rate in the United States is 4.40%.
Featured News
South Korean government bond rates rose as political uncertainty eased.
The Bank of Korea expects the recent political uncertainty to have a limited impact on economic policy.
Other News and Events
The PMI indicators above suggest the fastest economic expansion since October 21st.
There are growing concerns about the impact of increased US protectionism on the Eurozone economy.
[Response Strategy].
Investment portfolio adjustments as rates rise and the need to maintain interest in long-term bonds in an environment where most rates are relatively favorable.
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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