A post by @FirstSquawk on X.
SOUTH KOREA C. BANK REPORTS SALE OF 1-YEAR MONETARY STABILISATION BONDS AT 3.510%.
@FirstSquawk on X
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South Korea’s central bank sold 1-year monetary stabilisation bonds at a yield of 3.510%, according to a First Squawk headline. The operation is a routine liquidity-management tool used by the Bank of Korea to absorb cash from the financial system. The 3.510% clearing level provides a fresh reference point for short-term won funding costs and for expectations around the policy rate path. Market participants will watch subsequent bond auctions and money-market rates for signs of shifting demand and liquidity conditions.
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Named in this story
Bank of Korea, South Korea, 1-year monetary stabilisation bonds