00:03korea's top story today isn't just a bond market story it's a signal about where household budgets are heading a
00:09u.s. yield surge is spilling into korean lending rates japan's long bond has crossed a level it had not
00:14seen in decades korean mortgage borrowers are next in line it's thursday september 3rd let's get into one of korea's
00:21top economic stories today
00:22long-term government bond yields are rising across major markets at the same time korea imports that move through its
00:29own benchmark curve mortgage pricing follows within weeks here's what the numbers show 4.8 percent that is where the
00:36u.s. 10-year treasury yield has pushed dragging global long rates with it japan's 10-year yield has moved
00:42above 3 percent korea's 10-year government bond yield rose 0.05 percentage points in the latest session
00:48the won closed at 1368.70 to the dollar separately cosby fell 273.08 points to 6562.72 a drop
01:00of 3.99 percent so what does this mean for readers following korea's economy earlier we said korean mortgage borrowers
01:07are next in line here's what that actually means for you bank lending rates are benchmarked to these long yields
01:12so a domino of mortgage repricing is the direct transmission channel highly leveraged households and
01:18small business borrowers absorb that first watch weekly korean 10-year yields for confirmation of the move watch bank mortgage
01:25rate postings over the next month watch the won dollar rate as the second pressure point that's today's ai prism
01:32front page daily this episode was produced with ai assistance based on seoul economic daily reporting and reviewed by a
01:39human editor ai prism is a won ifra award-winning series we'll be back tomorrow
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