# Korean inclusion in FTSE Russell bond index seen shoring up local markets

> 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.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/28104-korean-inclusion-in-ftse-russell-bond-index-seen-shoring-up-local-markets
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/korean-inclusion-ftse-russell-bond-index-seen-shoring-up-local-markets-2024-10-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.