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S.Korea bonds rise ahead of production data
SEOUL, Aug 29 - South Korean government bond prices rose early on Friday, boosted by expectations that upcoming economic indicators would likely point to a slowing economy and steadier prices.
By 0120 GMT, the yield on benchmark five-year treasury bonds <KR5YT=KSDA> dropped 4 basis points to 5.81 percent while September treasury bond futures <KTBc1> rose 13 ticks to 105.96.
Government agencies are due to release July industrial and service-sector output data at 0430 GMT on Friday and August exports and inflation data on Monday.
The median forecast from a Reuters poll of 11 economists was for July's industrial output index to rise a seasonally adjusted 0.9 percent from June on solid exports.
But the outlook for factory production in Asia's fourth-largest economy is darkening due to a slowing global economy and weakening domestic demand, economists said.
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