South Korea's 3-Year Government Bond Futures Fall 17bp Overnight as WTI Crude Surges 4.37%

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According to Seoul Bond Market, South Korea's government bond futures fell overnight on July 9 amid a surge in international oil prices. The 3-year government bond futures contract declined 17 basis points to 102.95, while the 10-year contract dropped 35 basis points to 105.56. Foreign investors sold 106 contracts in the 3-year futures, with retail investors selling 146 contracts. WTI crude oil for August delivery rose $3.08 to $73.52 per barrel, gaining 4.37% and reaching its highest level since June 22.
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