HALISTER1: INSIDE KOREA: Won Falls, Bond Yields Rise for Third Day on UST

INSIDE KOREA: Won Falls, Bond Yields Rise for Third Day on UST

(Bloomberg) -- Won slips on broadly weaker Asia currencies as Treasury yields resumed their ascent overnight after FOMC minutes saw most Fed officials noting a stronger case for rate hike relatively soon.
  • Won falls 0.6% to 1,183.35 per dollar
  • USD/KRW -- Approaching November high, with momentum studies in overextended territory
    • Resistance: 1,188.50, June 27 high; 1,198.05, May 31 high; 1,217.15, March 9 high
    • Support: 1,172.35, 10-DMA; 1,156.64, 21-DMA; 1,130.69, 55-DMA
  • Global funds net bought $98.8m in local stocks yesterday: exchange data
  • Foreign net purchases of listed bonds rises $341.35 million to -$83.0 million
  • Yield on 1.875% govt bond due June 2026 up 4bps to 2.187%
  • Five-year credit-protection costs for Korea rose 1bp yesterday to close at 50.5bps, according to CMA New York data on credit-default swaps
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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