Fitch notes that "Korea's rating balances robust external finances, steady macroeconomic performance...
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Following the 6 Jan announcement by PM Justin Trudeau that he would be resigning as leader of the governing centre-left Liberal Party of Canada (LPC), focus has turned to who could emerge as his successor as LPC leader and as such prime minister. While nobody has even yet declared their candidacy, political betting markets are showing two early favourites in the form of former finance minister and deputy PM Chrystia Freeland and former BoC and BoE governor Mark Carney. Data from Polymarket shows bettors assigning a 44% implied probability Carney wins the LPC leadership, with Freeland a little behind on 37%. In third and fourth place respectively are incumbent Finance Minister Dominic LeBlanc (10%) and Foreign Minister Melanie Joly (4.6%).
Chart 1. Betting Market Implied Probability of Winning LPC Leadership, %
Source: Polymarket
DFA has announced the coupon of the new Feb-35 Bund (ISIN: DE000BU2Z049) on auction tomorrow at 2.50%. DFA is looking to issue E5bln of that Bund.