Reported 1 day ago
South Korea's bond yields have reached unprecedented lows compared to US Treasuries, raising concerns about the performance of the won amidst ongoing political instability. The 10-year yield has dropped to 2.79%, creating a significant yield gap of approximately 190 basis points. Analysts anticipate that this gap may widen further due to the sluggish economy and potential interest rate cuts by the Bank of Korea, contributing to a decline in the won, which has already slumped over 7% in the last three months.
Source: YAHOO