FX swap points rise across the board, 1 year bond closes at -14.10 won
On 13, FX swap points in the foreign currency funding market rose across all maturities. The 1 year bond closed at -14.10 won, up 0.50 won from the open, with all short-term and ultra-short-term bonds also showing an upward trend.
On 13, FX swap points in the foreign currency funding market rose across all maturities, reflecting movements that could affect currency and hedge costs. Changes in trading are directly linked to foreign currency procurement and corporate foreign exchange risk management.
The 1 year maturity FX swap point closed at -14.10 won, an increase of 0.50 won from the opening price. This figure indicates changes in hedge costs over the long term.
The 6 month maturity closed at -7.30 won, up 0.30 won from the opening price. An upward trend is also confirmed in the medium term.
The 3-month contract recorded an increase of 0.40 won, rising by -3.35 won compared to its opening price. Short-term hedge costs have slightly risen.
The 1-month contract closed at an increase of 0.50 won, finishing up by -0.85 won from its opening price. An increase was also observed in the monthly expiration.
Overnight rates stood at -0.045 won, while T/N showed -0.050 won. A positive trend continued in the ultra-short term as well.
Market participants reported that 'sell and buy' demand was dominant across all sectors, and expectations for a reduction in interest rate differentials were identified as influencing price formations.
Sources: 연합인포맥스
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