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South Korean government bond futures showed mixed performance on January 6, with volatility around the 30-year auction and global yields influencing market direction; 3-year futures fell while 10-year futures gained as U.S. Treasury yields rose during Asian trading.
South Korean government bond yields rose as foreign investors shifted to net selling of 10-year Treasury futures, tracking gains in U.S. yields and amid cautious market sentiment over currency and supply concerns.
FX swap points in South Korea rose as markets remained cautious ahead of the Bank of Korea’s rate decision, despite a decline in U.S. Treasury yields following dovish signals from the Jackson Hole symposium.