(Bloomberg) -- The KRW rates curve should bull-steepen, according to Goldman Sachs, which also pushed back its forecast for a Bank of Korea rate cut to the first quarter of next year.
With expectations for one more BOK rate cut in Q1 and the Fed continuing to ease through June, the KRW rates market selloff looks overdone, providing an opportunity to enter a receive trade, according to strategists including Danny Suwanapruti
Goldman recommends receiving KRW 2Y IRS
The case for maintaining an easing stance is supported by signs of housing stabilization and rising financial stress among smaller firms and non-bank lenders
Goldman anticipates a slowdown in Q4, as the effects of the stimulus fades.
Gap between cut to hike is usually around 14 months; Goldman doesn’t expect a BOK hike in 2026
With expectations for one more BOK rate cut in Q1 and the Fed continuing to ease through June, the KRW rates market selloff looks overdone, providing an opportunity to enter a receive trade, according to strategists including Danny Suwanapruti
Goldman recommends receiving KRW 2Y IRS
The case for maintaining an easing stance is supported by signs of housing stabilization and rising financial stress among smaller firms and non-bank lenders
Goldman anticipates a slowdown in Q4, as the effects of the stimulus fades.
Gap between cut to hike is usually around 14 months; Goldman doesn’t expect a BOK hike in 2026
*엔비디아, 8~10월 분기 매출 570억달러...예상치 549억달러 상회
*엔비디아, 8~10월 분기 EPS 1.30달러...예상치 1.25달러 상회
*엔비디아, 실적 발표 후 시간외서 3%대 급등
*엔비디아, 8~10월 분기 EPS 1.30달러...예상치 1.25달러 상회
*엔비디아, 실적 발표 후 시간외서 3%대 급등
Amid fx heading north, there's speculation that SK may get NPS ( fx hedging) to take the mound as a relief pitch to put out the fire in fx market when fx touches 1480. But experts warn that NPS must be prudential to do it given NPS has managed golden years savings.
If fx touches 1480, strategy hedging from NPS or fine-tuning from fx authority may be likely.