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(AFX UK Focus)
2009-10-01 02:13
S.Korea treasury bonds up on smaller issuance plan |
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SEOUL, Oct 1 (Reuters) - South Korean treasury bonds rose early on Thursday as smaller issuance plans for October offset strong exports data. The finance ministry announced after the market closed on Wednesday that it planned to issue 5 trillion won ($4.26 billion) in treasury bonds for October, far less than September's sales, and offer 3 trillion won worth of bond buyback and exchange schemes. The nation's exports in September declined at the slowest clip in 11 months, fresh evidence of recovering global demand and adding to pressure for an early rate hike. The three-year treasury bond yield fell 2 basis points to 4.37 percent while December treasury bond futures rose 5 ticks to 108.89 as of 0038 GMT. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner) ((eunkyung.seo@thomsonreuters.com;+822 3704 5648; Reuters Messaging:eunkyung.seo.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) ($1=1175.0 Won) Keywords: MARKETS KOREA BONDS
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