Below Data was due to be released Today:
- South Korea: Monthly Unemployment Rate data for October.
- Japan: Monthly data of Core Machinery Orders for September.
- Jobless rate rose in October as unemployment of young people grew at a fast pace, as fresh jobs got created mostly among senior citizens.
- Unemployment rate was 2.8 percent , on seasonally unadjusted basis, in October (up 0.1% Vs September figure). The seasonally adjusted figure remained at 3%(which is same as last month’s figure).
Bond Market Performance:
- 2-Yr Govt. bond yield : closed at 2.88% (down .03 or 0.86%).
- 5-Yr Govt. bond yield : closed at 3.23% (down .01 or 0.46%).
- 10-Yr Govt. bond yield : closed at 3.56% (down 0.03 or 0.84%).
Currency market Performance:
- KRW/USD : Started at 1072.5 and closed at 1071.3 i.e. appreciated by 1.2 won.
- Core machinery orders, a volatile series considered as proxy for capital expenditure, fell 2.1 percent in September (more than a estimates of 1.4 percent drop) compared the same period last year .
- Weak capital spending would concern PM Abe, who needs a pick-up in business investment to help drive a sustained recovery in the economy after 15 years of deflation.
Bond Market Performance:
- 2-Yr Govt. bond yield : closed at 0.094% (down .003 or 3.09%).
- 5-Yr Govt. bond yield : closed at 0.212% (up .004 or 1.92%).
- 10-Yr Govt. bond yield : closed at 0.607% (remained flat).
Currency market Performance:
- JPY/USD : Started at 99.62 and closed at 99.35. i.e. appreciated by 0.27 yen.