Bond Market experts predict that [South Korea nine hyerin financial newspaper reporter] Korean bond market interest rates were to rise significantly increased compared to the previous month. The March US interest rates based on the realization that an established mood seems to be affected. Total bond market index has fallen by 10 points compared to the previous month March bond market sentiment showed a MoM decline.
According to the figures issued by the Financial Investment Association against the 15 bond market experts, in March, and the percentage of respondents viewing domestic bond market interest rates would have to rise, accounting for 34% of the total, it was up 19 percentage points from the previous month. 62% of respondents expected interest rates remained flat. Experts estimate the rate at which hybridization has dropped by 14% points from the previous month.
Current external factors such as political instability in China Saad retaliation, the French presidential election and the issues to be falling interest rates. In addition, the domestic economic slowdown, such as high household debt to GDP while total, consumer sentiment also continued to support all components of falling interest rates.
On the other hand, the subsequent March rate hike not speak with leading US economic indicators favorable for US FOMC committee because, while supporting the US economic optimism March rate hike have no choice pas expanded respondents rate to see the domestic bond market, interest rates would rise dramatically increased it seems to be.
In two months the bond market interest rate outlook indicator (BMSI: Bond Market Survey Index) has fallen compared to the previous month (February 94.0 March 70.0) 24.0 points, the interest rate is related to the bond market sentiment survey to be significantly deteriorated compared to the previous month.
BMSI prices rose compared to the previous month (99.0 in February, March, 104.0) 5.0 points. That Figures, I investigated that water-related bond market sentiment has been improved by slightly compared to the previous month, which is avian influenza as the aftermath agricultural prices rise slowed price significantly climbed to MoM in March, 10.0% of respondents rate the outlook for inflation 6.0% the decline was due to points.
Mitch said the price increases affected the prices of petroleum products in global oil prices, inflation remained flat aftermath of respondents rate has increased compared to the previous month by 7.0% points to 76.0% (69.0% the previous month).
BMSI rate was compared to the previous month (February 88.0 March 80.0) fell 8.0 points. In other words, exchange rates related to the bond market sentiment is that compared to the previous month dwaetneunde investigation to be worsening, the US rate hike likely emerged as leads the relative strength of the won against the US dollar exchange rate of respondents rate appeared as compared to the previous month, down 8.0% points to 4.0%.
However, there are two trends in exchange rate expectations, such as domestic political uncertainties linger impeachment sentenced respondents rate remained flat rate was 72.0% compared to the previous month increased by 8.0% points (64.0% the previous month).
In addition, a comprehensive BMSI the previous month (February 96.9 March 87.4) fell 9.5 points to overall bond market sentiment in March showed a MoM decline.
Survey to calculate the bond market indices experts answered the bond holdings and operations workers who will one survey targeting (128 organizations, 200), 100 people in 74 institutions (foreign-6 engine, eight) .
Business publication By (issuers) three members, management (fund managers, traders, etc.) 56 persons, intermediaries (brokers, IB working parties, etc.) 15, analysis (analysts, economists, RM business parties, etc) in 21 patients, other 5 people It showed that participated in the survey. Survey period is February 28th Is Jeddah from March to June.
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