10-Year Treasury Futures Surge Over Half a Big Figure as Foreign Investors Step Up Net Buying

(Seoul=Yonhap Infomax) Hye Rim Pi – South Korean government bond futures extended gains in afternoon trading on the 21st, with foreign investors ramping up net purchases and driving 10-year Treasury futures to rise by more than half a big figure.

According to the Seoul bond market, as of 13:46 KST, the 3-year Treasury futures contract was up 17 ticks at 105.94 compared to the previous session.

Foreign investors recorded a net purchase of 4,240 contracts, while securities firms posted a net sale of 3,902 contracts.

The 10-year Treasury futures contract climbed 58 ticks to 114.36.

Foreign investors bought 3,992 contracts, while securities firms sold 2,257 contracts.

“As foreign investors increased their net buying in 3-year Treasury futures, the 10-year contract also followed suit,” said a bond dealer at a securities firm.

“The market is moving daily in response to foreign flows, with no other major catalysts in play. Attention is now focused on next week’s Monetary Policy Board meeting,” the dealer added.

phl@yna.co.kr

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