Tuesday, February 21, 2017

[Deadline bonds - mainly long-term bonds issued by weaker ... as opposed to last year when 50-year



[Korea hyerin nine financial newspaper reporters - mainly long-term bonds ended government bond yields rising (falling bond prices).

21 days next month, bond yields led the aftermath of 50-year government bond issuance plan announced yesterday that the Ministry of Strategy and Finance.

KB Securities Kim, Sang - Hoon researchers, but acts as chojanggi water falling interest rates factor in building effective and demand expectations for saying "Last year, 50-year opposition mood and when issued", "In 20, 30 years and during last year's 50-year issue (this year) showed the opposite pattern experienced a surge in interest rates, etc. in accordance with Trump elected, "he said.

Then, added: "chojanggi water rising interest rates are advantageous to the consumer than the issuer," he said. "The weak demand during the band 20-30-year outlook issued in the market impact likely to be insignificant in volume adjustment action."

Day, according to the Korea Financial Investment Association is a 3-year government bond rose 0.1bp 1.671% compared to previous trading, the 10-year government bonds finished trading at 2.202 percent, up 1.8bp. 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 one tick. The 6266 agreement had net purchases of securities, the Bank sold 8423 contracts. 50 000 4257 dwaetgo contract deal, open interest fell by 780 contracts.

'10 KTB futures (LKTBF) was trading at 124.82, down 18 ticks compared to the previous trading day. The 2962 contract was purchased securities, foreigners sold 3764 contracts. 50 304 contracts dwaetgo trading, open interest has increased by 1962 contracts.

91-day MSBs was trading in hybridization of 1.325%. While one-year monetary stabilization was finished trading at 1.465%, down 0.1bp, 2-yr MSBs hold was trading at 1.608% down 0.1bp.

Debentures (unsecured three years) AA- yields rose 0.2bp 2.137%, corporate bonds (non-guaranteed 3 years) compared to the previous trading day closed at 8.338 percent, up BBB- 0.2bp.

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



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