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South Korea's bond market shows cracks with sudden outflow
Add BT as a preferred sourcePublished Thu, Jul 6, 2017 · 09:50 PM
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Kuala Lumpur
FOREIGN investors' love affair with the South Korean bond market is being tested by rising hawkish comments from global central banks and escalating tensions over North Korea.
Global funds pulled 2.7 trillion won (S$3.2 billion) from South Korean notes on Monday, the biggest one-day outflow since at least 2011. While they jumped back in with purchases of 1.25 trillion won the following day, Australia & New Zealand Banking Group Ltd says there's a risk of more withdrawals should policymakers worldwide follow their rhetoric with action.
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