9IRS rates in the short-term segment fell, the Bank of Korea 50basis-point mention sends ripples
In Seoul's bond market, 9-day short-term IRS rates fell, mainly in the short-term segment. Bank of Korea Governor Shin Hyun-song mentioned a 50basis-point rate hike at next week's Monetary Policy Board meeting, drawing market attention.
In Seoul's bond market, 9-day IRS rates fell, mainly in the short-term segment. Short-term interest-rate movements are receiving investors' attention because they are directly linked to financial companies' earnings and bond prices.
At 4:27 p.m., the 1-year IRS rate 3.4300% recorded. It was 1.50 basis points lower than in the previous trading session.
2The rate for the -year segment fell 0.25 basis points from the previous day. The -year segment, in contrast, rose 3 basis points.0.25 basis points.
5The IRS rate for the term was 3.9600%, 0.25bp lower than on the previous trading day.
10The rate for the term was 4.0550%. It fell 0.50bp from the previous day.
The remarks by Bank of Korea Governor Rhee Chang-yong at the National Assembly’s Strategy and Finance Committee work report received a generally unremarkable assessment. Governor Rhee mentioned a 50bp increase in the base rate at next week’s Monetary Policy Board meeting.
The interest-rate figures announced that day and the governor’s remarks immediately prompted a response across the bond market and the financial sector. The market is closely monitoring volatility ahead of next week’s Monetary Policy Board decision.
Sources: 연합인포맥스
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.