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South Korean bonds rally on president's rate remarks
Published Mon, Jan 12, 2015 · 09:50 PM
Seoul
SOUTH Korean bonds rallied and shares pared losses on Monday as President Park Geun-hye's comment on interest rate policy added to expectations for an interest rate cut soon.
The impact on the stock and currency markets mostly faded after presidential aides later said Ms Park's comment was misinterpreted, but the 1-year treasury bond yield shed 4.1 basis points to a record-low close of 1.981 per cent.
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