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KIDB´Â ±¹³»¿Ü ´Ù¾çÇÑ ±ÝÀ¶È¸»çµî Àü¹®ÅõÀÚÀڵ鿡°Ô ¿øȭä±Ç, ¿Üȭä±ÇÀÇ Áß°³, Àμö¸Å¸Å ¼­ºñ½º¸¦ Á¦°øÇÕ´Ï´Ù.

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  • FRN
  • ABS

±¹°íä

(Government Bonds)

Á¤ºÎ¿¡¼­ °ø°ø¸ñÀûÀ¸·Î ÇÊ¿äÇÑ ÀÚ±Ý È®º¸¸¦ À§ÇØ ¹ßÇàÇϴ ä±ÇÀÔ´Ï´Ù. ÀÔÂûÀº ±¹°íä Àü¹® µô·¯µé°ú ±ÝÀ¶±â°ü ¼ö¿ä·Î ÀÌ·ç¾îÁö¸ç ÀÔÂûÀº ¿ù°£ ´ÜÀ§ Á¤±âÀûÀ¸·Î 3³â ~ 30³â¹°À», 50³â¹°Àº ½ÃÀå ¼ö¿ä¿¡ µû¶ó ¹ßÇàÇÕ´Ï´Ù.

A government bond or "'sovereign bond"' is a debt security issued by a government to support government spending. Korean government bonds with tenors ranging from 3 year to 30 year are issued on a monthly basis, while 50 year tenors are issued irregularly depending on the demand. Bidding participants are limited to primary dealers.

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(Monetary Stabilization Bonds)

Çѱ¹ÀºÇàÀÌ ½ÃÁß ÅëÈ­·® Á¶ÀýÀ» À§ÇØ ±ÝÀ¶±â°üÀ» »ó´ë·Î ¹ßÇàÇÏ°í ¸Å¸ÅÇϴ ä±ÇÀÔ´Ï´Ù. ÅëÈ­·® Á¶ÀýÀº ¹ßÇà·®À» Á¶Á¤ÇÏ´Â ¹æ¹ý°ú Á¶±âȯ¸Å µîÀÌ ÀÖÀ¸¸ç ½ÃÀå ¹× ÀÚ±Ý »óȲ¿¡ µû¶ó À¯±âÀûÀ¸·Î º¯µ¿µË´Ï´Ù.

MSB is issued by the Bank of Korea to help absorb liquidity to support its monetary policy, with tenors ranging from 14 days to 2 years.

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(Bank Debenture)

ÀºÇàÀº ´Ü±âÀÚ±ÝÀ» ÁÖ·Î ¿¹±ÝÀ» ÅëÇØ Á¶´ÞÇϸç, Àå±âÀÚ±ÝÀº ÀºÇàä ¹ß»ýÀ» ÅëÇØ Á¶´ÞÇÕ´Ï´Ù.
¹ßÇàÀº ÇØ´çÀºÇàÀÇ »óȲ¿¡ µû¶ó ÀϹÝÀûÀ¸·Î °íÁ¤±Ý¸® »óÇ°°ú º¯µ¿±Ý¸® »óÇ°À¸·Î ³ª´¹´Ï´Ù. ÁÖÅô㺸´ëÃ⠱ݸ®°¡ ÁÖ·Î ÀºÇàä ±Ý¸®¿Í ¿¬µ¿µÅ ÀÖ¾î ÀºÇàä ±Ý¸®´Â ½Ç»ýÈ°¿¡ Å« ¿µÇâÀ» ¹ÌĨ´Ï´Ù.

Bank debentures or ¡°financial bonds¡± are a type corporate bond issued by commercial banks, mostly used to raise long-term capital.

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(Quasi Sovereign Bond)

öµµ°ø»ç, µµ·Î°ø»ç µî ¹ý·ü¿¡ ÀÇÇØ Á÷Á¢ ¼³¸³µÈ ¹ýÀÎÀÌ ¹ßÇàÇϴ ä±Ç ÀÔ´Ï´Ù. ±¹Ã¤¿¡ ÁØÇϴ ä±ÇÀ¸·Î ¾ÈÁ¤¼ºÀÌ ³ôÁö¸¸, °ø°ø±â°ü ¹× Áö¹æÀÚÄ¡´ÜüÀÇ ÀçÁ¤ÀÌ ºÎ½ÇÇØÁú °æ¿ì ÇØ´ç °ø»çäÀÇ °¡°Ý ¹× À¯µ¿¼ºÀÌ ¶³¾îÁú ¼ö ÀÖ½À´Ï´Ù.

Quasi sovereign bonds are bonds issued by companies that are established by a specific law, such as Korea Railroad Co., Korea Expressway Co., and Korea Land & Housing Co.

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(Corporate bonds)

±â¾÷ÀÌ ÀÚ±ÝÁ¶´ÞÀ» À§ÇØ Á÷Á¢ ¹ßÇàÇϴ ä±ÇÀ¸·Î »çä¶ó°íµµ ÇÕ´Ï´Ù. ȸ»çäÀÇ Á¾·ù·Î´Â ±ÝÀ¶±â°ü¿¡¼­ Áö±ÞÀ» º¸ÁõÇÏ´Â º¸Áõ»çä, ¹«º¸Áõ»çä ±×¸®°í ´ãº¸ºÎ»çä°¡ ÀÖ½À´Ï´Ù. ÀÌ·¯ÇÑ Ã¤±ÇÀº »óÀå±â¾÷ ¶Ç´Â ±ÝÀ¶°¨µ¶¿ø¿¡ µî·ÏµÈ ¹ýÀÎÀÌ ½Å¿ëÆò°¡È¸»ç¸¦ ÅëÇØ (´ëÇ¥ÀûÀ¸·Î NICE, KIS ±×¸®°í KAP) µî±ÞÀ» ¹Þ¾Æ ¹ßÇàÇÕ´Ï´Ù.

Corporate bonds are issued by various corporations to raise capital and have historically been the second largest segment in the bond market following government bonds. Corporate bonds consist of guaranteed bonds, non-guaranteed bonds, and collateralized bonds.

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(Structured Note)

ä±ÇÀÇ ±¸¼º¿ä¼ÒÀÎ ¿ø±Ý, ¾×¸éÀÌÀÚ, ¸¸±â¸¦ ÅõÀÚÀÚµéÀÇ ¼ºÇâ¿¡ ¸Â°Ô ±¸Á¶È­ÇÏ¿© »óÇ°È­µÈ ä±ÇÀ» ¸»ÇÕ´Ï´Ù. ÀÌ´Â ¿ø±Ý ¶Ç´Â ¾×¸éÀÌÀÚ°¡ ±Ý¸®, ȯÀ², ÁÖ°¡, »óÇ°°¡°Ý µîÀÇ ±âÃÊÀÚ»ê°ú ¿¬µ¿ÇÏ¿© °áÁ¤µÇµµ·Ï ¼³°èµÈ ä±Ç. Áï, ä±Ç°ú ÆÄ»ý»óÇ°ÀÌ °áÇÕµÇ¾î ¸¸µé¾îÁø »óÇ°ÀÔ´Ï´Ù. Á¾·ù·Î´Â ½Å¿ë¿¬°è, ÁֽĿ¬°è, ÅëÈ­¿¬°è, ±Ý¸®¿¬°è ±¸Á¶È­Ã¤±Ç µîÀÌ ÀÖ½À´Ï´Ù.

Structured note is a debt obligation that also contains embedded derivative component that adjusts the security¡¯s risk-return profile. This type of note is a hybrid security that attempts to change its profile by including additional modifying structures, therefore increasing the bond¡¯s potential returns.

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(Floating-rate note)

Áö±ÞÀÌÀÚÀ²ÀÌ ½ÃÁß ½Ç¼¼±Ý¸®¿¡ µû¶ó º¯Çϴ ä±ÇÀÔ´Ï´Ù. ¹ßÇà ½Ã ÀÌÀÚÀ²ÀÌ °íÁ¤µÇ¾î ¸¸±â ¶§±îÁö À¯ÁöµÇ´Â ¿©Å¸ ä±Çµé°ú´Â ´ëÁ¶ÀûÀÔ´Ï´Ù.

Floating-rate note is a debt instrument with a variable interest rate. A floating rate note¡¯s interest rate is tied to a benchmark such as 90day CD(Certificate Deposit) rate. Floaters are mainly issued by financial institutions and governments, and typically have 2year-5year term to maturity.

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(Asset-backed securities)

ÀÚ»êÀ¯µ¿È­Áõ±ÇÀ̶õ ºÎµ¿»ê, ¸ÅÃâä±Ç, À¯°¡Áõ±Ç, ÁÖÅÃÀú´çä±Ç, ±âŸ Àç»ê±Ç µî°ú °°Àº À¯Çü¤ý¹«ÇüÀÇ À¯µ¿È­ ÀÚ»êÀ» ±âÃÊ·Î ÇÏ¿© ¹ßÇàµÈ Áõ±ÇÀ» ¸»ÇÕ´Ï´Ù.

Asset-backed security is a financial security collateralized by a pool of assets such as loans, leases, credit card debt, royalties or receivables. For investors, asset-backed securities are an alternative to investing in corporate debt. Usually, the underlying assets of an ABS are illiquid and can't be sold on their own. But pooling the assets together and creating a financial security, a process called securitization, enables the owner of the assets to make them marketable.