Korea treasury bonds and bond futures are a touch higher, helped by a 0.6% decline in the Kospi; the five-year yield is down 1 bp at 2.87%, while December bond futures are up 4 ticks to 106.22. Though bonds aren't moving much for now, they may get a further boost towards the session's close, says a local bond manager, noting that bonds have, of late, shown a tendency for volatility near the market close. Overall sentiment remains in favor of safer assets due to a weakening global economic outlook and for now, eyes are on a series of local monthly economic data scheduled for later this week and early next week, including the industrial output figures, the manager adds. He pegs December futures resistance at 106.30.
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