Korean fixed income rally over for 2013: Credit Suisse

29 Jan 2013

The rally this year in Korean bonds has come to an end as supply will be high, the BoK is unlikely to ease further and international investors are taking profits, says Credit Suisse.

An improvement in sentiment about global growth means the Korean central bank is unlikely to cut rates further. Combined with positive supply technicals and falling foreign demand, this means the Korean fixed income rally is likely over for 2013.

Headwinds to demand for duration are increasingly likely, due to ...

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