Tuesday, May 1, 2007

Korean Won Drops to Two-Week Low on Yield Premium; Government Bonds Climb

(Bloomberg) -- South Korea's won fell to the lowest in two weeks as the extra yield investors get for buying the nation's bonds compared with U.S. Treasuries narrowed.

Yields on U.S. government debt rose yesterday after a report showed manufacturing growth accelerated in the world's biggest economy and before a report today that may show factory orders quickened in March. The won dropped 0.5 percent since the central bank April 26 said the current-account deficit widened to the most in almost a year.


Read more at Bloomberg Bonds News

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