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S.Korea bonds rise on weak shares; auctions eyed
Reuters - Monday, May 18
SEOUL, May 18 - South Korean government bond prices rose early on Monday, lifted by weak shares <.KS11>, while investors awaited weekly bond auctions throughout the day.
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The finance ministry plans to sell up to an unusually large 1.3 trillion won in 10-year treasury bonds by noon, while the central bank will issue 6 trillion won in monetary stabilisation bonds throughout the session. The yield on benchmark five-year treasury bonds <KR5YT=KSDA> fell 2 basis points to 4.45 percent while June treasury bond futures <KTBc1> climbed 11 ticks to 111.12 as of 0037 GMT.
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