(Seoul = Yonhap Infomax) Reporter Jong-Hwa Han = KTB futures narrowed their decline in the followingnoon market.
An official from the Ministry of Strategy and Finance has stepped forward to intervene verbally to take market stabilization measures if necessary, and the market sentiment is also looking for some stability.
According to the bond market on the 23rd, 3-year government bond futures (KTB) were trading at 101.79, down 26 ticks from the previous trading day as of 1:48 pm. Foreigners net bought 9,356 contracts, and securities net sold 4,960 contracts.
Three-year futures fell to 62 ticks during the day, but recovered more than half of their decline.
10-year government bond futures (LKTB) fell 144 ticks to 106.36. Foreigners sold 1,235 contracts and securities bought 489 contracts.
10-year futures fell by up to 203 ticks during the day.
Treasury futures fell sharply on the day due to a surge in US interest rates, weakness in Australian bonds in the Asian market, and stop-loss selling by domestic institutions.
In the followingnoon, government bond futures bottomed out, and the market mood improved with the government’s verbal intervention.
An official from the Ministry of Finance said through Yonhap Infomax, “We are closely monitoring the situation in the bond market,” and “we will review market stabilization measures if necessary.”
A bond manager at an asset management company said, “Investment sentiment seems to have recovered to some extent due to the intervention of the authorities.
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This article was served at 13:54, two hours earlier on the Infomax financial information terminal.
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