July 17, 2024

ADB raises S. Korea’s 2024 growth forecast to 2.5 pct

SEOUL: The Asian Development Bank (ADB) revised up its outlook for South Korea’s economic growth this year to 2.5 percent given strong exports, Seoul’s finance ministry said Wednesday.

It marked a 0.3 percentage-point increase from its April forecast…

S. Korean Bond Yields on July 17, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.193 3.181 +1.2

2-year TB 3.105 3.102 +0.3

3-year TB 3.050 3.035 +1.5

10-year TB 3.139 3.137 +0.2

2-year MSB 3.102 3.089 +1.3

3-year CB (AA-) 3.509 3.496 +1.3

91-day CD 3.540 3.550 -1.0

So…