South Korea 10-Year Bond Yield

South Korea 10-Year Bond Yield closed down by -6.23% to 1.88 on 23 January 2021 and +-10.0% on a weekly basis. South Korea 10-Year Bond Yield momentum was last calculated at +50.0/100 indicating positive momentum. South Korea 10-Year Bond Yield trend is +100.0/100 indicating a positive trend. South Korea 10-Year Bond Yield momentum exhaustion is 1.9138 indicating South Korea 10-Year Bond Yield is oversold.South Korea 10-Year Bond Yield RSI is 61.7545 .

South Korea 10-Year Bond Yield Chart

South Korea 10-Year Bond Yield

South Korea 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the South Korea 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the South Korea 10-Year Bond Yield trading signals presented in the South Korea 10-Year Bond Yield statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
South Korea 10-Year Bond Yield KR.10Y 1.88 0.5 1 1.9138 61.7545 -6.23 -10 -11.2 0.00938

South Korea 10-Year Bond Yield closed at 1.88 on 23 January 2021. South Korea 10-Year Bond Yield trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. South Korea 10-Year Bond Yield momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. South Korea 10-Year Bond Yield momentum exhaustion is 1.9138 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating South Korea 10-Year Bond Yield is oversold and a possible reversal is imminent. South Korea 10-Year Bond Yield RSI was last calculated at 61.7545. South Korea 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 1.6984 in an uptrend , 1-quarter moving average: 1.65423 in an uptrend and 1-year moving average: 1.50411 in an uptrend. South Korea 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -6.23%, and weekly return was last recorded at -10.0%. South Korea 10-Year Bond Yield histrorical 20-day volatility was last recorded at 18.9953%, South Korea 10-Year Bond Yield alpha None, South Korea 10-Year Bond Yield beta None and South Korea 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor South Korea 10-Year Bond Yield statistics based on historical data since 1970.

South Korea 10-Year Bond Yield News

South Korea 10-Year Bond Yield Factors

South Korea 10-Year Bond Yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
South Korea PMI vs 10Y KR.FACT.10YPMI 1.552 54.1919 -0.514
South Korea 10Y vs FX KR.FACT.FX10Y

South Korea Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
KOSPI KOSPI 3215.91 1 1 2.43127 76.1486 -1.5 -1.84 -0.05 0.30392
South Korea ETF EWY 89.46 1 1 2.90037 78.8447 -1.99 -2.73 -4.41 0.49168
Korean Won US Dollar (KRW/USD) KRWUSD 1149.49 0 -0.75 -2.17688 34.755 0.45 1.19 3.56 -0.06315
South Korea 5-Year Bond Yield KR.5Y 1.63 0 0.75 1.46948 48.9319 -4.68 -7.18 0.18 0.02403
South Korea 2-year bond yield KR.2Y 1.26 1 0.75 1.13404 59.2596 -2.85 -3.15 40.47 -0.09091
South Korea Yield Curve KR.YC 0.62 1 1 1.70142 52.959 -12.43 -21.32 -49.18 1.92308
South Korea Credit Default Swaps CDS.South Korea 18.75 -0.5 -0.75 -0.79833 49.8924 2.74 2.74 -10.71 -0.10974
Export-Import Bank of Korea Credit Default Swaps CDS.Export-Import-Bank-of-Korea 18.5 -0.5 -0.75 -0.95953 45.2265 0 -2.63 -7.5 -0.23572

South Korea Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 4440 2940 0.510204 0.298546 1.0 1.0 0.783333 2021-06-30
bank lending rate 2.72 2.74 -0.00729927 -0.035461 1.0 -1.0 0.466667 2021-05-31
business confidence 98 96 0.0208333 0.921569 1.0 1.0 0.983333 2021-06-30
capacity utilization 104.8 105.1 -0.00285442 0.0106075 1.0 1.0 0.558333 2021-05-31
capital flows 8368 -1537.5 -6.4426 3.02908 1.0 1.0 1 2021-05-31
car registrations 141626 125819 0.125633 -0.0373502 1.0 -1.0 0.433333 2021-06-30
central bank balance sheet 553240 547995 0.00957126 0.00479112 1.0 1.0 0.366667 2021-05-31
consumer confidence 110.3 105.2 0.0484791 0.348411 1.0 1.0 0.966667 2021-06-30
consumer price index cpi 107.39 107.46 -0.000651405 0.0240298 1.0 1.0 0.966667 2021-06-30
core inflation rate 1.5 1.5 0 1.5 1.0 1.0 0.966667 2021-06-30
current account 10761.2 1909.9 4.63443 3.80153 1.0 1.0 0.966667 2021-05-30
current account to gdp 3.5 3.7 -0.0540541 10.6667 -1.0 1.0 0 2019-02-28
deposit interest rate 0.93 0.94 -0.0106383 -0.30597 -1.0 -1.0 0.233333 2021-04-30
exports 54800 50730 0.0802287 0.397457 1.0 1.0 0.966667 2021-06-30
external debt 565897 542448 0.0432281 0.325276 1.0 1.0 0.716667 2020-07-01
fiscal expenditure 268236 223066 0.202496 0.347283 -1.0 1.0 0.883333 2021-05-31
foreign direct investment 8270820 4738480 0.745458 -0.235585 1.0 -1.0 0.15 2021-04-01
foreign exchange reserves 456459 452310 0.00917291 0.120665 1.0 1.0 1 2021-05-31
gdp 1630.53 1646.74 -0.00984369 0.55683 1.0 1.0 0 2020-01-31
Real GDP 470847 463395 0.0160813 0.0512113 1.0 1.0 0.0666667 2020-11-01
gdp growth 1.7 1.1 0.545455 0.545455 1.0 1.0 0.816667 2021-01-01
gdp growth annual 1.9 -1.1 -2.72727 -0.366667 1.0 -1.0 0.316667 2021-01-01
gold reserves 104.45 104.51 -0.000574108 0.000478927 1.0 1.0 0.366667 2020-09-01
government budget -6.1 -2.6 1.34615 -6.25862 -1.0 -1.0 0 2020-01-31
Government budget -20477 -16347 0.252646 -0.527581 1.0 1.0 0.5 2021-05-31
government debt to gdp 42.6 36.4 0.17033 0.512677 1.0 1.0 0 2020-01-31
government revenues 247759 206719 0.19853 0.590768 1.0 1.0 0.95 2021-05-31
housing index 116.6 115.1 0.0130321 0.138672 1.0 1.0 1 2021-06-30
imports 503600 47810 9.53336 13.069 1.0 1.0 1 2021-06-30
industrial production 15.6 12.6 0.238095 -2.43119 1.0 1.0 0.216667 2021-05-31
industrial production mom -0.7 -1.6 -0.5625 -0.909091 -1.0 1.0 0.516667 2021-05-31
inflation cpi 2.4 2.6 -0.0769231 -9 1.0 1.0 0.0166667 2021-06-30
interbank rate 0.64 0.65 -0.0153846 -0.123288 -1.0 -1.0 0.05 2021-06-02
interest rate 0.5 0.75 -0.333333 -0.714286 -1.0 -1.0 0.0166667 2020-05-28
loans to private sector 10221500 10171000 0.0049651 0.0797093 1.0 1.0 0.766667 2021-06-30
manufacturing pmi 53.9 53.7 0.00372439 0.305085 1.0 1.0 1 2021-05-31
money supply m0 143837000 142318000 0.0106733 0.156209 1.0 1.0 0.733333 2021-05-31
money supply m1 1269340 1260890 0.00670162 0.209944 1.0 1.0 0.816667 2021-05-31
money supply m2 3388330 3348840 0.0117921 0.108906 1.0 1.0 0.983333 2021-05-31
money supply m3 4667130 4696870 -0.00633188 0.0849829 1.0 1.0 0.866667 2021-05-31
Producer Price Index 109.06 108.65 0.00377358 0.0642077 1.0 1.0 0.983333 2021-06-30
PPI Index 6.4 6 0.0666667 -4.55556 1.0 1.0 0.0833333 2021-05-31
retail sales MoM -1.8 2.1 -1.85714 -1.51429 -1.0 -1.0 0.416667 2021-05-31
retail sales 3.1 8.6 -0.639535 -2.40909 -1.0 1.0 0.116667 2021-05-31
unemployment rate 3.7 3.8 -0.0263158 -0.119048 -1.0 -1.0 0.05 2021-06-30
youth unemployment rate 8.8 9.3 -0.0537634 -0.2 -1.0 -1.0 0.0666667 2021-06-30

South Korea 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: South Korea 10-Year Bond Yield momentum, South Korea 10-Year Bond Yield trend, South Korea 10-Year Bond Yield oscillator, South Korea 10-Year Bond Yield RSI and South Korea 10-Year Bond Yield returns.

South Korea 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarSouth Korea 10-Year Bond Yield momentum signal ranges from -100 to +100. The South Korea 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the South Korea 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. South Korea 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. South Korea 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when South Korea 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

South Korea 10-Year Bond Yield trend

South Korea 10-Year Bond Yield trend signal ranges from -100 to +100. South Korea 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. South Korea 10-Year Bond Yield Closing price vs South Korea 10-Year Bond Yield moving average (MA) calculation: If South Korea 10-Year Bond Yield is greater than South Korea 10-Year Bond Yield MA value is +1, else -1, 2. South Korea 10-Year Bond Yield Moving average slope calculation: if current South Korea 10-Year Bond Yield moving average is higher than the previous MA, South Korea 10-Year Bond Yield upward slope +1, else -1
South Korea 10-Year Bond Yield trend model can be used as a trend strength indicator. South Korea 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when South Korea 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The South Korea 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. South Korea 10-Year Bond Yield is in an uptrend when South Korea 10-Year Bond Yield price is higher than the 52-week moving average and the South Korea 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the South Korea 10-Year Bond Yield oscillator and South Korea 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

South Korea 10-Year Bond Yield oscillator

The South Korea 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current South Korea 10-Year Bond Yield price versus South Korea 10-Year Bond Yield 1-year simple moving average price. The formula for the South Korea 10-Year Bond Yield oscillator is:
South Korea 10-Year Bond Yield oscillator = (Current Price – 250 trading days South Korea 10-Year Bond Yield simple moving average price) / (250 days South Korea 10-Year Bond Yield price standard deviation)

South Korea 10-Year Bond Yield oversold conditions
South Korea 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the South Korea 10-Year Bond Yield is oversold it is often due for a rebound. Values of the South Korea 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the South Korea 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of South Korea 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the South Korea 10-Year Bond Yield RSI.
South Korea 10-Year Bond Yield overbought conditions
South Korea 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the South Korea 10-Year Bond Yield is overbought it is often due for a correction. Values of the South Korea 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the South Korea 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

South Korea 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when South Korea 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During South Korea 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

South Korea 10-Year Bond Yield returns

MacroVar calculates South Korea 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

South Korea 10-Year Bond Yield returns = (South Korea 10-Year Bond Yield Closing Price – South Korea 10-Year Bond Yield Previous Price)/(South Korea 10-Year Bond Yield Previous Price)
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