(Seoul=Yonhap Infomax) Hye Rim Pi – South Korean government bond futures pared earlier gains in afternoon trading on the 25th, as market participants grew increasingly cautious ahead of the Bank of Korea’s Monetary Policy Board meeting set for two days later.


According to the Seoul bond market, as of 14:04 KST, the three-year government bond futures contract was up 3 ticks at 105.84 compared to the previous session.


Foreign investors were net buyers of 1,903 contracts, while banks recorded net sales of 2,525 contracts.


The 10-year government bond futures rose 18 ticks to 114.36. Foreign investors purchased 7,101 contracts, while securities firms sold 3,046 contracts.


A bond dealer at a securities firm commented, “There doesn’t appear to be any particular catalyst. The market has recently shown a pattern of early strength followed by weakness, and with the Monetary Policy Board meeting approaching, there seems to be little confidence in holding long positions overnight.”


The 20-year Treasury bond was auctioned at a yield of 3.235% for a total of 500 billion won ($380 million), with bids totaling 1.677 trillion won ($1.28 billion).


10-year government bond futures tick chart
10-year government bond futures tick chart


phl@yna.co.kr


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