United States EIA Crude Oil Stocks Change below expectations (-1.3M) in August 15: Actual (-6.014M)

BoK to hold the rate but it will be a close call for a cut. KTBs have been range-bound lately; a BoK terminal rate of c.2.15% is priced in for this cycle. KTB demand/supply dynamics are less favourable in the long end; CD seasonality turns negative.