2012.05.07 04:41:48 MARKET TALK: Korea Bonds Tad Up;3-Yr Yld Eyed In 3.39%-3.42% Band

0241 GMT [Dow Jones] Korea treasury bonds and bond futures are higher, helped by active foreign buying in futures following weak U.S. jobs data and elections in Greece and France, analysts say; the three-year yield is quoted down three bps at 3.39% and the five-year yield is down three bps at 3.49%, while bond futures are up 11 ticks at 104.46. "All news this morning is bond positive. Traders will remain cautious until the Bank of Korea's rate decision Thursday, but the market consensus is that a rate cut is not an option yet despite renewed external uncertainties," says Samsung Futures fixed-income analyst Lee Seung-hoon. He tips a tight 3.39%-3.42% range for three-year yields Monday. (in-soo.nam@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 06, 2012 22:41 ET (02:41 GMT)