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South Korea Trimming June Bond Sales as Market Defends Against Rate Expectations

South Korea will cut its June debt issuance, with the finance ministry focusing reductions on longer-dated securities. The move aims to stabilize the bond market. According to NH Amundi Asset Management, the market is pricing in an excessive number of central bank rate increases, creating opportunities in short-term debt instruments. The finance ministry decision reflects efforts to support the local bond market. Longer-duration bonds have faced particular pressure, prompting the ministry to concentrate cuts on that segment of the curve.