Research Fixed Income
News, Events, & Reports

Print.

Print

Small font size A Larger text size A Largest text size A

South Korea finance minister to meet US counterpart on Friday, Yonhap says

BY Reuters | ECONOMIC | 01:50 AM EDT

SEOUL, April 16 (Reuters) - South Korean Finance Minister Koo Yun-cheol will hold a meeting with U.S. Treasury Secretary Scott Bessent on Friday, the Yonhap News Agency reported.

Here are some details:

* The two ministers will meet on the sidelines of the Group of 20 finance ministers and central bank governors meeting in Washington, D.C., Koo told reporters, according to Yonhap.

* "There will be another opportunity to give more details later, after hearing various opinions (of the U.S. side)," Koo was quoted as saying.

* In their previous meeting in January, Bessent made rare remarks on South Korea's won currency, saying its depreciation was out of line with economic fundamentals.

* Japanese Finance Minister Satsuki Katayama said after her meeting with Bessent on Wednesday that the two countries agreed to strengthen communication on exchange rates.

* The won has strengthened 3% so far this month to around 1,470 per dollar, after weakening last month past a psychological barrier of 1,500 for the first time in 17 years. (Reporting by Jihoon Lee Editing by Ed Davies)

More Fixed Income News

Global Times: Data of first quarter in 15th Five-Year Plan period reveals three things unchanged BY PR Newswire |ECONOMIC 04:23 AM EDT
Middle East war feeding uncertainty over economic outlook, SNB minutes show BY Reuters |ECONOMIC 03:47 AM EDT
Pound ticks up after data shows UK economy surged before Iran war BY Reuters |ECONOMIC 03:43 AM EDT
Bank of England's Bailey says 'not going to rush' judgements on rate rises, BBC reports BY Reuters |ECONOMIC 03:03 AM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.

fir_news_article