Markets

South Korea bonds rise as Bernanke testimony offers support

Published July 18, 2013 Updated July 18, 2013 07:23am

1 min

By Shoaib Ur Rehman

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SEOUL: South Korean bonds rose on Thursday, as testimony from US Federal Reserve Chairman Ben Bernanke boosted investor appetites by downplaying risks of a rapid unwinding of the central bank's bond-buying stimulus programme.

Yield on the benchmark 10-year government bonds ended down six basis points, while lead September futures on three-year treasury bonds ended up 0.16 points at 105.79.

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