The amount of negative-yielding bonds globally have jumped 47% to more than $12 trillion this year as signs that the Federal Reserve and the European Central Bank will ease spurred a bond rally.
SINGAPORE: South Korean bond markets are suggesting the central bank will follow up unexpected interest-rate cut with at least one more amid slowing economic growth and a simmering trade dispute with Japan.
The nation’s three-year yield fell to 1.35% after the decision, putting it well below the new benchmark rate of 1.5%. Bank of Korea (BoK) lowered its seven-day repurchase rate from 1.75%, while trimming its forecasts for economic growth and inflation.
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