S.Korea bond futures jump as c.bank hints no hike near

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SEOUL | Thu Nov 12, 2009 2:27am EST

SEOUL Nov 12 (Reuters) - South Korean government bond futures jumped on Thursday as the central bank hinted that it was not in a rush to raise rates, citing moderating property prices and an uncertain economic outlook.

The Bank of Korea kept the rates at record-low 2.00 percent for a ninth straight month and dampened widespread expectations that it was ready for an early interest rate rise, with some economists saying it may now wait until the second quarter of next year. [ID:nSP491290]

December treasury bond futures KTBc1 soared as much as 37 ticks to before closing 32 ticks higher at 109.37. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner)

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