# Sovereign bonds take breather despite hawkish FOMC - The Korea Herald

> South Korean government bonds rallied on Thursday after a brief pause in the rise in yields, even though the US FOMC held rates steady with a hawkish tone. The 10-year US Treasury yield had reached a three-year high earlier, and Fed funds futures priced a high chance of a March hike.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/66724-sovereign-bonds-take-breather-despite-hawkish-fomc-the-korea-herald
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of faster US rate hikes strengthen the dollar and pressure emerging-market currencies, which affects the cost of dollar-priced feed ingredients for importers in those markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-05 | [Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald](https://feedsoft.ai/events/66721-hawkish-fed-strong-dollar-jolt-korean-markets-the-korea-herald.md) | +1.1% | +0.6% |
| DXY | 2021-03-15 | [S. Korea to focus on stabilizing markets amid rising US bond yields - The Korea Herald](https://feedsoft.ai/events/48347-s-korea-to-focus-on-stabilizing-markets-amid-rising-us-bond-yields-the-korea.md) | -0.0% | +0.2% |
| DXY | 2022-08-31 | [Won seesaws amid mixed signals - The Korea Herald](https://feedsoft.ai/events/40275-won-seesaws-amid-mixed-signals-the-korea-herald.md) | +0.9% | +3.6% |
| DXY | 2021-12-17 | [What will the Fed’s expected rate hikes mean for Korean market? - The Korea Herald](https://feedsoft.ai/events/43844-what-will-the-fed-s-expected-rate-hikes-mean-for-korean-market-the-korea-herald.md) | -0.2% | -0.8% |
| DXY | 2016-11-18 | [Korean financial sector gears up for risks from US - The Korea Herald](https://feedsoft.ai/events/74048-korean-financial-sector-gears-up-for-risks-from-us-the-korea-herald.md) | +1.0% | +1.3% |

## Sources

- koreaherald.com: https://www.koreaherald.com/article/1578210

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