South Korea financial regulator extends bond market stabilisation programmes

South Korea's Financial Services Commission has extended bond market stabilisation programmes through next year, citing risks from monetary policy changes and increased treasury bond issuance. The stabilisation funds total 37.6 trillion won ($25.5 billion) and real estate project financing support programmes worth 60.9 trillion won will be extended through 2026. The FSC will deploy market stabilising measures if necessary, due to rising bond yields and foreign exchange volatility. The Bank of Korea kept interest rates unchanged for the fourth consecutive meeting last month.