SOUTH KOREA: Presidential Election Analyst Views
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On 3 June, Lee Jae-myung, candidate for the main opposition liberal Democratic Party of Korea (DPK), won a comfortable victory in the South Korean snap presidential election. Lee defeated conservative People Power Party candidate Kim Moon-soo by a margin of 49.4% to 41.2%. Lee, who was sworn into office on 4 June, comes in at a time of significant political, socioeconomic and cultural division domestically following the upheaval of former President Yoon Suk-yeol’s abortive imposition of martial law and impeachment process. Meanwhile, pressures on the foreign policy front with regards to trade and tariffs with the US and security challenges in east Asia loom large.
In this article, we highlight some key commentary from analysts in the immediate aftermath of the election.
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US: Bessent Says Trying to Create Best Environment for Stable Rates
- Newswires continuing to pick up on headlines from Treasury Secretary Bessent who emphasises that China is the biggest piece of Trump's trade puzzle. Bessent states he is not going to talk about the Fed, and that the administration are trying to create the best environment for stable rates.
- “IF WE CAN TAKE AWAY THE CREDIT RISK OF THE U.S. GOVERNMENT, INTEREST RATES WILL COME DOWN”
- “SAYS WE WANT TO BRING DOWN FEDERAL DEFICIT BY MAYBE 1% PER YEAR” (Reuters)
FED: US TSY 13W BILL AUCTION: HIGH 4.220%(ALLOT 49.78%)
- US TSY 13W BILL AUCTION: HIGH 4.220%(ALLOT 49.78%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 37.27% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 4.63% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 58.10% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 2.74
FED: US TSY 26W BILL AUCTION: HIGH 4.090%(ALLOT 14.42%)
- US TSY 26W BILL AUCTION: HIGH 4.090%(ALLOT 14.42%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 23.67% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 9.24% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 67.08% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.52
