S.Korean bond futures up on U.S. rally, weak shares

By IBTimes Staff Reporter | January 17 2010 9:24 PM

South Korean treasury bond futures rose early on Monday, lifted by U.S. Treasuries' rally on tame consumer price data and weak domestic shares <.KS11>.

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The upside, however, was capped as investors awaited weekly bond auctions. The Finance Ministry is set to issue 10-year notes worth up to 1.5 trillion won ($1.34 billion) and the central bank will sell 5.8 trillion won in monetary stabilization bonds.

The March treasury bond futures contract added 5 ticks to 109.60 as of 0009 GMT. Bond yields were not available yet.

(Reporting by Seo Eun-kyung; Editing by Ken Wills)

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