KDB brings second dollar benchmark of the year

Korea Development Bank KDB jumped back into the G3 bond markets on Wednesday with a $750 million 144a deal that was timed to take advantage of what could turn out to be a short-lived market window. 

While renewed momentum across the Chinese stock markets has a created a positive backdrop, the looming US Federal Reserve policy meeting over the course of September 16 and 17 has the potential to send the emerging markets back into a tailspin even though few market participants believe it will raise rates. 

Over the past two days, the iTraxx Korea Index has come in 3bp to 6570, a slightly...