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South Korea's 3-Year Government Bond Futures Narrow Losses on July 8 as Won Rallies Past 1,502

GateNews
Forex
According to Yonhap Infomax, South Korea's 3-year government bond futures narrowed their decline on the afternoon of July 8, driven by a sharp surge in the Korean won, which rallied more than 11 won against the U.S. dollar to 1,502.70. The 3-year futures held steady at 103.10, matching the previous trading day's close, while 10-year futures fell 26 points to 105.94. Foreign investors reduced selling pressure, with net sales of 1,178 contracts in 3-year futures and 4,357 contracts in 10-year futures during the session. A bond dealer noted that the sharper-than-expected won appreciation has added support ahead of next week's monetary policy decision.
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