| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
advertisement | ||
Thursday August 2, 8:40 AMS.Korea bonds fall on stock rebound, U.S. debtSEOUL, Aug 2 (Reuters) - South Korean benchmark government bond prices dropped early on Thursday as the local stock market rebounded from a slump and U.S. Treasuries fell.Investors turned cautious after the benchmark treasury yield hit an eight-week low in the previous session, with recent healthy economic data underscoring the prospect of a further tightening by the Bank of Korea later in the year, traders said. By 0025 GMT, the benchmark five-year treasury bond yield rose four basis points to 5.26 percent, after hitting its lowest since June 5 in the previous session. The three-year treasury bond yield gained five basis points to 5.21 percent. U.S. government debt prices fell on Wednesday as investors booked profits after a massive rally. "U.S. credit market conditions provided momentum to the local bond market's short-term rally, but it needs to be seen whether the impact would last longer," said an analyst at Daewoo Securities. September treasury bond futures fell 12 ticks to 107.54. |
|||
|
Copyright © 2005 Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of Reuters Limited
|