South Korea Steps Up Bond Vigil Since May 18 as Rising Yields Pressure Markets
Updated
Updated · Bloomberg · Jun 1
South Korea Steps Up Bond Vigil Since May 18 as Rising Yields Pressure Markets
1 articles · Updated · Bloomberg · Jun 1
Daily calls and a private messaging group have been used since May 18 to monitor South Korea’s government bond market more closely as officials try to contain rising yields.
Deputy directors in the finance ministry’s treasury-bond division contact bond dealers and asset managers before trading starts to assess market sentiment and investor positioning.
Hwang Soon Kwan, the deputy finance minister for treasury, said some of those discussions are also held in person, underscoring a more hands-on response to market stress.
Can South Korea's market monitoring defy its own central bank's push for higher interest rates?
Is Seoul's use of private chats to calm markets a smart tactic or a risky intervention?