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South Korea's government projected that inclusion in the FTSE Russell World Government Bond Index could draw up to 80 trillion won ($59.7 billion) into its bond market. The won was down 4% against the dollar so far this year, and analysts expect the inflows to support the currency.
Expected bond inflows would strengthen the won, lowering the local cost of dollar-priced feed imports, though the effect on grain and meal prices is indirect.
reuters.comCynthia KimOct 9, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
