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Korean Bonds Fall as Choi Refrains From Signaling Policy Easing

South Korea’s bonds fell, pushing the three-year yield to a one-week high, as the finance chief nominee refrained from signaling potential monetary easing even as he said risks to the economy are increasing.

Incoming Finance Minister Choi Kyung Hwan told parliament today that he will boost efforts to close the gap between the ministry’s and the central bank’s economic outlooks. The Bank of Korea will probably hold its benchmark rate unchanged at 2.5 percent at a July 10 review, according to all 14 economists surveyed by Bloomberg News.