South Korea’s Index Inclusion Gives Bond Market a Lift

-- South Korean bonds got a boost thanks to the country’s surprise inclusion in a global index and growing bets that the central bank will lower interest rates this week.From Cleveland to Chicago, NFL Teams Dream of Domed Stadiums

While Korea’s bonds will only join the benchmark from late 2025, the prospect of fresh capital is lifting the debt market ahead of the Bank of Korea’s hotly anticipated meeting on Friday, when it is expected to reduce interest rates. Goldman Sachs Group Inc. strategist Danny Suwanapruti said the FTSE Russell announcement was likely a surprise to many in the market, after several banks had predicted the index revision probably wouldn’t be announced until next year. He said the move would provide a “slight tailwind” for both Korea’s government bonds and its currency.

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