Global Funds Have Another Window to Buy Asia’s Favorite Bonds
- S. Korea’s 3-year yields have risen for three straight months
- Inflation to keep easing; rate cut likely in 1Q 2024: Shinhan
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South Korean bonds have been the standout pick in Asia for foreign investors this year and their recent decline should be seen as just another window to buy, according to market watchers.
Yields have risen for three straight months as authorities warned about the potential impact of sticky inflation on interest rates. However, data this week are forecast to show consumer prices eased in June for a fifth month, building the case for the Bank of Korea to soften its stance at its mid-July review.