Thursday, February 23, 2017

[Deadline bond] yields fall-back ... BUY neutral remark caused the governor Lee Ju-yeol



[Korea hyerin nine financial newspaper reporter] government bond yields fell (rising bond prices) ended.

23 days, bond yields declined on reverting copies of the statement of unanimous MPC rate freeze and standards of the Bank of Korea governor Lee Ju-yeol.

Market experts have evaluated was generally neutral remarks of this BOK governor. Eugene Investment & Securities sindongsu researchers described as "MPC results are neutral was not mad influence on market rates is large enough," he said. "It was an extension of the increased interest rates the government's long-term bonds issued by expanding some return being, but generally range-bound phase." did.

In addition, he said, "the future market interest flows expected to be dependent on Trump, President of the fiscal policy of the US Federal Reserve's policy rate normalization trend," he said, "yelreon Chairman of Parliament when considering the enhanced US Fed three times interest rate outlook expected after remarks still rising risks is higher, "he said. The future president of the Trump fiscal policy be presented unless the policies themselves are not difficult to dispose of the evaluation is to determine the momentum to change the flow of rising interest rates.

Day, according to the Korea Financial Investment Association is a 3-year government bond fell 1.4bp 1.676% compared to the previous trading day, the 10-year government bonds finished trading at 2.206% down 4.0bp. 50-year showed a rise 3.7bp 2.255%.

Three years government bond futures (KTBF) is closed to 109.49 compared to the previous trading day it rose 10 ticks. Foreigners were net long contracts 2808 1701 Bank had net short contracts. 70 000 8780 dwaetgo contract deal, open interest has increased by 2336 contracts.

'10 KTB futures (LKTBF) was trading at 124.88 compared to the previous trading day rose 48 ticks. Foreigners were net long contracts 2808 1701 Bank had net short contracts. 24 967 6 dwaetgo contract deal, open interest increased by 1076 contracts.

91-day MSBs was trading at 1.329% compared to the previous trading day down 0.3bp. While one-year monetary stabilization was finished trading at 1.467% down 0.7bp, 2-yr MSBs hold was trading at 1.613% down 1.5bp.

Debentures (unsecured three years) AA- yields fell 1.4bp 2.141%, corporate bonds (non-guaranteed 3 years) compared to the previous trading day closed at 8.343 percent, down BBB- 1.4bp.

CD 91-day notice was to 1.490%, CP 91 days 1.630% of water remained flat as previous trading.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com