Friday March 9, 3:34 PM
S.Korea bonds little changed ahead of US jobs data
SEOUL, March 9 (Reuters) - South Korean government bond
prices were little changed on Friday, in muted trading ahead of
key U.S. jobs data, while investors also looked forward to a
fresh supply of five-year treasury bonds.
The yield on the benchmark five-year treasury bonds ended one basis point lower at 4.83 percent, while
the three-year treasury yield dropped one basis
point to 4.80 percent.
"Treasury bond futures had extended losses on post-central
bank rate meeting effects, but a void of negative factors boosted
buying sentiment and set figures flat again," said a Daewoo
Securities dealer.
The Bank of Korea on Thursday left interest rates on hold at
4.5 percent for the seventh consecutive month as widely expected.
"Trading was limited ahead of the February's U.S. employment
data in the local treasury bond market as investors restrained
trading before checking data to estimate Federal Reserves' next
move," he added.
A Reuters survey expected the U.S. February jobs data, due
after the Seoul market's close, to show slightly weak figures
from a month earlier, with 100,000 new jobs in February, compared
with 111,000 in January. [ID:nN07232925]
Investors are also looking forward to fresh supply of
five-year treasury bonds worth 1.46 trillion won ($1.54 billion)
from the finance ministry on Monday.
The March treasury bond futures ended unchanged at
108.74
The benchmark Korea Composite Stock Price Index (KOSPI)
fell 0.02 percent.
close prev close
5-yr treasury bonds 4.83 pct 4.84 pct
3-yr treasury bonds 4.80 pct 4.81 pct
1-yr monetary stabilisation bonds 4.89 pct 4.89 pct
3-mth certificates of deposit 4.94 pct 4.94 pct
Average call rate ~ 4.40 pct
6-mth *KORIBOR 5.02 pct 5.02 pct
* Korea interbank offered rate
($1=946.3 Won)
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