The Bank of Korea is proceeding with simple purchases of government bonds worth up to 3 trillion won in response to recent expansion of volatility in government bond interest rates.
On the 9th, the Bank of Korea announced that it plans to conduct simple purchases of government bonds in response to recent expansion of interest rate volatility. The planned purchase amount is within 3 trillion won on a face value basis.
The purchase targets are 5 types of government bonds with maturities of 3 years, 5 years, and 10 years. Specifically, these include 3-year government bonds (25-4, 25-10), 5-year bonds (25-8), and 10-year bonds (24-13, 25-11), etc.
The bidding will be conducted from 11:00 to 11:10 a.m. on the 10th through electronic bidding via the Bank of Korea's financial network. The eligible institutions are those designated for monetary stability securities competitive bidding, issuance, and securities simple trading.
Securities underwriting and payment settlement are scheduled to be completed by 4:00 p.m. on the 12th.
The Bank of Korea's simple purchase of government bonds is a measure to supply liquidity by directly purchasing government bonds in the market and to mitigate the sharp rise in government bond interest rates.
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Hmm.....I don't know much about bonds, but I hope it becomes a bit more stable.
