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Politics : Formerly About Applied Materials
AMAT 327.03+2.5%Jan 16 3:59 PM EST

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To: StanX Long who wrote (56650)11/30/2001 3:53:04 AM
From: StanX Long  Read Replies (1) of 70976
 
Friday November 30, 4:06 PM

Korea bonds close higher on tame CPI,strong futures
SEOUL, Nov 30 (Reuters) - South Korea's bonds crept higher by Friday's close as a mild inflation rate and upswings in U.S. treasury prices renewed confidence of investors who had fretted about growing talk of an economic recovery.



The market brushed aside a hefty rebound in equities, cheered by the year's first monthly decline in the consumer price index

(CPI) this year and amid a lack of substantial signs of fundamental improvement.

"Indicators so far have showed the economic slowing is moderating, but not turning a corner," said Lee Hee-jin, a fund manager of Dongwon Investment Trust Management Co.

Yields on the benchmark three-year treasury fell 10 basis points to 5.68 percent, while the comparable corporate bond yields closed down 12 basis points at 6.99 percent.

The main Korea Composite Stock Price Index (KOSPI) <.KS11> climbed 2.39 percent to close at 643.89.

close prev close

* 5-yr treasury bonds 6.34 pct 6.43 pct

* 3-yr treasury bonds 5.68 pct 5.78 pct

* 3-yr corporate bonds 6.99 pct 7.11 pct

* 2-yr monetary stabilisation bonds 5.71 pct 5.85 pct

* 1-yr treasury bonds 5.19 pct 5.28 pct

* 1-yr monetary stabilisation bonds 5.20 pct 5.28 pct

* 3-mth CDs 4.76 pct 4.76 pct

* Average interbank call <1SYRBK=KMBC> 4.10 pct 4.07 pct

* Average call rate <1SYR=KMBC> 3.89 pct 3.99 pct

NOTE - Data from the Korea Securities Dealers Association and Korea Money Broker Corp. Call average as of 0730 GMT.
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