Bank of Korea Set to Hold for Fourth Straight Meeting as Risks Linger bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
FTSE Russell said it will keep South Korea on the watch list for inclusion to its global bond index and India for the emerging-market equivalent prolonging the countries wait to get into key market gauges.
The index provider will seek evidence from market participants on the efficacy of the enhancements and whether they’re operating as intended prior to any reclassification decision, the firm said.
Bank of Korea Holds Rate as Recovery Faces Fresh Virus Surge bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
A $2 Billion Purchase of Korea Bonds in a Day Creates a Stir
Bloomberg 2/5/2021 Hooyeon Kim
(Bloomberg) A sudden $2 billion inflow into South Korean bonds in one day is fueling chatter over who’s behind the purchase.
Popular Searches
The net buying on Tuesday was the biggest for a single day since June 2015, according to data from the Financial Supervisory Service which doesn’t disclose details such as the location of the funds involved. The inflows could be due to foreign investors reinvesting short-term money or central banks scooping up longer-tenure securities, strategists said.
The wave of buying indicates that a market which drew a record $62.3 billion last year, when peers in Asia saw outflows with the pandemic, remains attractive to some investors. Seoul traders have warned that South Korean government bonds may struggle to absorb record issuance aimed at funding aid for businesses and consumers.