자본시장연구원 Korea Capital Market Institute

The Impact and Implications of a Shift in US Monetary Policy on the Won-Dollar Exchange Rate [선임연구위원] 이승호 The strength of the US dollar, which has been the primary driver of the won-dollar exchange rate increase over the past two years, is approaching a turning point due to potential changes in US monetary policy. With the Fed poised for an imminent rate cut, the US dollar is expected to gradually weaken, leading to an influx of global investment funds into Korea and exerting upwar... Key Characteristics of the Recent Surge in Individuals’ Bond Investment [연구위원] 정화영 Since 2022, when market interest rates rapidly rose due to aggressive monetary tightening, individuals’ bond investment has significantly surged. The characteristics of this investment vary by bond type. Investments in Korea Treasury Bonds (KTBs) have expanded, particularly in ultra-long KTBs with remaining maturities exceeding 20 years. Despite the high risk of price volatilit...