Western Asset Favors Korean Bonds as Refuge Amid Global Slump

Western Asset Favors Korean Bonds as Refuge Amid Global Slump

Jean Chung/Bloomberg

The Bank of Korea lowered the seven-day repurchase rate for the second time this year to 2.75 percent on Oct. 11. The central bank will probably leave the benchmark unchanged through 2013, based on the median estimate in a Bloomberg survey.