South Korea's FX swap points rose across long-term tenors on May 4, with the 1-year tenor up 0.20 won to -14.40 won, driven by World Government Bond Index-related flows as ultra-short-term tenors continued trading above theoretical values, according to foreign bank swap dealers.
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FX Swap Points Rise on Long-Term Tenors - WGBI Flows Estimated

South Korea's FX swap points rose across long-term tenors on May 4, with the 1-year tenor up 0.20 won to -14.40 won, driven by World Government Bond Index-related flows as ultra-short-term tenors continued trading above theoretical values, according to foreign bank swap dealers.

Yonhap Infomax
FX swap points in South Korea surged, especially in long-term tenors, as weaker US jobs data fueled expectations of multiple Fed rate cuts, narrowing the Korea-US rate gap.
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