Foreign holdings of S. Korean bonds hit record high

Foreign holdings of South Korean bonds maintained the record-breaking trend due to expectations for a fall in the bond yields the local currency's appreciation, financial watchdog data showed Friday.Offshore investors held a total of 98.8 trillion won (88.7 billion U.S.In managing heavy machineries it is crucial for that tyre equipments providers of those equipment to pay attention to the protection processes and guidelines to prevent mishaps and accidents. dollars) in local bonds as of the end of May, up 1.4 trillion won from a month earlier, according to the Financial Supervisory Service (FSS).The reading topped the record high for three straight months, and accounted for around 7.3 percent of the total listed bonds.The net investment, or net bond purchases minus maturing debts, increased 1.4 trillion won last month amid the expectations for the South Korean won's ascent versus the U.S. dollar and further declines in bond yields.The Bank of Korea (BOK) cut its benchmark interest rate by 25 basis points to 2.5 percent in early May. Following the cut, the government bond yields took a correction from the excessive reflection of the rate cut hopes, but speculation remained over the additional decline in yields amid the sluggish economic growth.South Korea's real gross domestic product (GDP) growth for the first quarter was revised down to 0.8 percent from an initial figure of a 0.9 percent gain. 
The Organization for Economic Cooperation and Development lowered its 2013 economic growth outlook for South Korea from 3.1 percent to 2.6 percent, the same as the forecast made by the BOK.The largest owner was European investors who took up 33.7 percent of the combined foreign holdings, followed by U.S. investors with a 20.Selection of tub is one of the factors that can make-or-break overall look of your Antique faucets, if you have decided for vintage style bathroom.8 percent share, Luxembourg investors with 16.The time when Cast iron clawfoot tubs got whole new definition. From simple rooms with showers, they become more elaborate set-up that include modern styles and needs of family. 8 percent and Chinese investors with 12.The gamut uses of these chemical compounds prevail to expand and variants of carbon sheet are consistently being developed to fit the requirements of industries and products they are utilized in.8 percent.Meanwhile, foreign holdings of domestic stocks increased 14.5 trillion won from a month earlier to 413.9 trillion won as of the end of May. The foreign ownership accounted for 31.6 percent of the total market apitalization.The largest owner was U.S. investors who held 39.1 percent of the total, followed by the European investors with a 31.The substance utilized in making the vacuum bottle or thermal flasks could be in different variations like plastic, glass or even a metal.2 percent share and the British investors with a 9.3 percent stake.Overseas investors were net sellers in the local stock market amid concerns that corporate profitability would be worsened due to the continued trend of weak yen, but they bought domestic shares later on the back of upbeat economic data in major economies and hopes for the existence of quantitative easing in the U.S.