BoK official says 3-year Treasury yields remain at notably elevated levels, also says monitoring the bond market closely and ready to take action if needed
Newsquawk Staff ·
https://x.com/FirstSquawk/status/2021769532831109357
What it means
The BoK's attention to elevated 3-year Treasury yields suggests a heightened sensitivity to bond market dynamics, which could influence their monetary policy decisions. This monitoring indicates readiness to act if yields pose risks to economic stability, potentially impacting investor sentiment and interest rate expectations in the region.
- RBI is said to be likely selling dollars through state-run banks to limit a rupee weakness
- Taiwan Central Bank Governor affirms Taiwan has the capacity to establish a sovereign wealth fund and says says relative weakness of the Taiwanese dollar this year is due to foreign investors taking profits on Taiwan stocks
- Chile Central Bank maintains benchmark interest rate at 4.50% as expected, with the decision unanimous, while it stated that the future path of interest rates will be assessed on a meeting-by-meeting basis
- BCB Governor Galipolo says the BCB only intervenes in the foreign exchange market when it identifies market dysfunction
- BCB's Picchetti says economic activity is showing a very clear slowdown, concentrated in cyclical sectors
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