Australia sells AUD 700mln 3.75% April 2037 bonds, b/c 4.14, avg. yield 4.8342%

The Australian bond auction saw the sale of AUD 700 million in 3.75% bonds maturing in April 2037, yielding an average of 4.8342%.

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[MARKET UPDATE] Asia-Pac stocks are positive but with some of the gains capped after the weak US lead and with the NFP report on the horizon, while participants also digest earnings in thinned conditions with Japanese markets shut for a holiday

South Korean February 1st-10th Exports rose 44.4% Y/Y, Imports rose 21.1% Y/Y and Trade Balance is at a provisional surplus of USD 0.64bln

Australia sells AUD 700mln 3.75% April 2037 bonds, b/c 4.14, avg. yield 4.8342%

PRE-MARKET SOUTH KOREAN STOCKS NEWS: KT Corp (030200 KS) Q4 (KRW) oper. income 227.3bln (prev. loss 655.1bln Y/Y), oper. rev. rose to 6.85tln (prev. 6.58tln Y/Y); Japanese markets are closed for holiday

Korea (Republic of) Unemployment Rate (Jan) 3.0% (Prev. 4.0%, Rev. From 4%)

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This yield, notably higher than the competitive rate of 4.14%, indicates strong investor demand but may suggest rising rates or inflation expectations. Watch for how this influences broader fixed income markets and the term premium for similar maturities.

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