South Korea's quick thinking on president speech lifts bonds

A Reuters alert that the South Korean president played down the need for an early unwinding of the loosened economic policy on Aug 26 lifted treasury bond futures prices, offsetting an earlier selloff sparked by robust consumer sentiment data. . Taking note of the president’s scheduled meeting with business executives ahead of the speech, Reuters was on standby for any remarks on economic policy. Reuters competitors were not found matching the story. Analysts said news that government was opposed to an early shift in policy toward tightening provided some relief to bond investors.