10-Year Treasury Futures Surge Over Half a Big Point Intraday on Foreign Buying (Update)

(Seoul=Yonhap Infomax) Hye Rim Pi – South Korean government bond futures extended gains on the morning of the 25th, driven by increased net buying from foreign investors.

The 10-year Treasury futures contract jumped more than half a big point intraday as overseas investors ramped up their purchases.

According to the Seoul bond market, as of 10:10 AM KST, the 3-year Treasury futures contract was trading at 105.91, up 10 ticks from the previous session.

Foreign investors recorded a net purchase of 1,096 contracts, while banks were net sellers of 810 contracts.

The 10-year Treasury futures contract rose 45 ticks to 114.63.

Foreign investors bought 4,884 contracts, while securities firms sold 3,431 contracts.

The 10-year futures contract expanded its gains after the open, at one point rising more than half a big point during the morning session. It later pared some of those gains and continued to trade around current levels.

A bond dealer at a securities firm said, "Yesterday, the 10-year Treasury futures closed about half a big point below the session high, and today's move appears to be a reaction to that. The strong foreign buying seems to have accelerated the rally."

The dealer added, "With demand emerging for the 30-year sector, the ultra-long end is also finding support."

phl@yna.co.kr

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