S.Korean bonds down on data jitters

Reuters - Tuesday, November 24

SEOUL, Nov 24 - South Korean government bonds fell early on Tuesday as foreign investors reduced debt futures purchases amid growing jitters over looming monthly economic data.

Investors largely shrugged off figures showing consumer sentiment eased slightly from a seven-year high in October and expectations for real estate prices continued to retreat, bolstering views rates would stay steady for a while. [ID:nSEO300229] The benchmark five-year government bond yield <KRTSY5Y=KQ> rose 3 basis points to 4.83 percent while the three-year yield <KRTSY3Y=KQ> added 4 basis points to 4.34 percent.

Front-end treasury bond futures <KTBc1> fell 8 ticks to 109.52 as of 0056 GMT. ((eunkyung.seo@thomsonreuters.com;+822 3704 5648; Reuters Messaging:eunkyung.seo.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))