South Korean treasury bonds lost ground on Friday as a strong stock market and bond sale plans prompted debt investors to take profit on recent gains. A softer tone on rate policy from the Bank of Korea had a limited impact on the market as many investors had already priced in expectations of a delayed rate increase.
The Finance Ministry is set to issue 10-year notes worth up to 1.5 trillion won ($1.34 billion) on Monday, while the central bank will sell 5.8 trillion won in monetary stabilisation bonds throughout the day. The benchmark five-year treasury bond yield rose 2 basis points to 4.80 percent, while the March treasury bond futures contract ended 3 ticks lower at 109.55.
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