Korea Short-Term Debt Pricing Too Many BOK Hikes, NH Amundi Says

South Korea’s bond market is pricing in an excessive number of central bank rate hikes, creating buying opportunities in short-term debt, according to NH Amundi Asset Management Co.

One- to two-year government bonds are “cheap” at current levels, Executive Director Han Sooil said in an interview with Bloomberg News on Friday, noting that swap markets are unrealistically pricing in multiple quarter-point hikes through the first half of 2027.