Tuesday, March 21, 2017

[Deadline bond] yields remained flat ... low interest rate monetary policy-related pressures



[Korea hyerin nine financial newspaper reporter] government bond yields closed with hybridization.

Bond market experts foresee next month would determine the 50-year Treasury bond auction results a market atmosphere. International pressure due to rising interest rates monetary policy is not high evaluation.

Sindongsu Eugene Investment & Securities researcher has no consistent gradual interest rate hikes keynote dwaetjiman "quick rate hike concerns are more lenient than the Fed expected, considering the major central banks in monetary policy normalization signal potential harmonization of global monetary policy is higher than previously "he said." the normalization of monetary policy in the major economies due to short-term changes in global monetary policy that it takes time until the realization bond yields upward pressure is not high, "he said.

According to the Korea Financial Investment Association 21, in 3-year government bond is 1.670%, such as former trading day, the 10-year government bonds finished trading at 2.186% rose 0.1bp. Showed the 30-year rose 0.6bp 2.253%.

Three years government bond futures (KTBF) was trading at 109.42, such as the former trading day. 10,000 were foreigners bought a 7451 agreement, securities are sold contracts 10 579. 100 854 contracts dwaetgo trading, open interest increased by 1 contract 12 212.

'10 KTB futures (LKTBF) was trading closed at 124.81 as before. The banks were net long contracts brokerage 2585 was a net short 1014 contracts. 50 000 5992 dwaetgo contract deal, open interest was 10,000 contracts increased by 1811.

MSBs showed a 91-day 0.1bp fell 1.330 percent compared to the previous trading day. While one-year monetary stabilization was finished trading at 1.480 percent as trading ago, two-year MSBs was trading at 1.612%, down 0.1bp.

Debentures (unsecured three years) AA- yields fell 0.1bp 2.187%, corporate bonds (non-guaranteed 3 years) compared to the previous trading day closed at 8.389 percent, up BBB- 0.2bp.

CD 91-day notice was to 1.480%, CP 91 days 1.620% of water remained flat as previous trading.



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