노 대통령 정상만찬 불참

Korea bonds fell for a third day after a government auction drew fewer bids than some investors expected.
The government sold 1.9 trillion won ($2 billion) of bonds at a yield of 5.01 percent yesterday, attracting bids worth 1.4 times the value of debt on offer, according to the Finance Ministry’s Web site. It last sold similar security at 4.8 percent on Dec. 11 and drew a so-called bid-to-cover ratio of 1.6 times.
“The outcome of the auction was slightly weaker than the market anticipated,” said Choi Kyung-jin, a fund manager with JPMorgan Chase & Co. in Seoul. “There was some selling pressure.”
The three-year bond yield rose two basis points, or 0.02 percentage point, to 4.99 percent as of 3:30 p.m. in Seoul, according to Korea Exchange.
Demand for government debt has weakened, driving up yields, since Bank of Korea Governor Lee Seong- tae said last week that the property market is still “wobbly,” reviving concern the central bank may raise rates. Mr. Lee left the overnight call rate at 4.5 percent for a fifth month on Jan. 11. Still, eight of 11 economists polled last week by Bloomberg News said the Bank of Korea will raise rates this year to help curb soaring debt and property prices.