Stock Groups

S.Korea says central bank may buy more govt bonds to calm bond markets -Breaking

by Mike Robinson

[ad_1]


SEOUL (Reuters – South Korea’s central banking and finance ministries said Friday that they had agreed for the Bank of Korea to acquire more government bonds if it is necessary to stabilize the local bond markets.

According to the Bank of Korea statement, the minister and the regulators met on Friday to talk about the recent rise in the yields of the government bonds as well as the consumer price pressures. This comes at a time where interest rates have been rising further.

According to the BOK, it purchased 2 trillion won (or $1.67 billion) worth of bonds from government agencies on February 4.

($1 = 1,196.8700 won)

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]