Korea treasury bonds and bond futures are steady in thin trade with many participants still on holiday after markets were shut Monday for the Chusok holiday, traders say, noting the market will be shut again Wednesday for another national holiday. Bonds are unlikely to move much Tuesday, although the Australian central bank's rate decision due later Tuesday could provide some volatility depending on the outcome, says a local bond manager. Focus this week will be on whether the RBA and ECB opt for rate cuts, as monetary easing will certainly boost hopes for a BOK rate cut next week as the BOK has recently stressed the need for concerted efforts globally. The three-year yield is +1 bp at 2.80%, while December bond futures are flat at 106.24.
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