Treasury market set to cool down.

(From The Korea Herald)

By Sim Sung-tae A high-ranking government official stressed yesterday that the Korean Treasury market is ripe for a correction given its recent rally. "The institutional demand for state and public bonds seems to have reached its peak, and the price of these bonds will fall sooner or later," said Byeon Yang-ho, director general of the financial policy bureau at the Ministry of Finance and Economy. Speaking at a breakfast meeting with business leaders, Byeon said there has been some speculative investment in the current government- bond market to take advantage of the inverted bond yield curve. He also said there is a need to examine the fall of …