SOUTH KOREA: Korean Futures Finishing Higher for the Week.
Jan-24 03:06
- The Korean futures were moderately stronger this morning on a week where the data releases on balance were skewed to being weaker.
- The Korean 10YR future is +0.07 at 118.44 and the 3YR future is +0.06 at 106.99.
- The 3YR future is trading above all key technical levels with the 20-day EMA of 106.8231 the nearest.
- For the benchmark 10yr future, recent moves higher have moved through all key EMAs also. The 20-day EMA is up at 117.91 and the 200-day EMA at 117.62.
- Market pricing has 18ps of cuts over 3-month time horizon, 59bps over 1-year a move of about 9bps over recent days.
- The cash market is seeing yields 1-3.5bps lower with the 2YR the best performer down -3.3bps at 2.66%. KTB 10YR is at 2.837%
- Next week has limited first tier data and markets are expected to be slow given Chinese Lunar Holidays.
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