Sunday, May 27, 2007

South Korean Bonds Gain on Speculation 13-Month-High Yield to Spur Demand

(Bloomberg) -- South Korea's won fell after North
Korea test-fired missiles late on May 25 as part of routine annual
exercises, fueling concern tensions in the region may increase.

The short-range missiles were launched after the close of won
trading last week. Japanese Prime Minister Shinzo Abe said his
country's patience ``isn't limitless'' and retains the option of
further sanctions against the communist nation. The won slid 1.5
percent on Oct. 9 after the North tested its first nuclear bomb.


Read more at Bloomberg Bonds News

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