South Korean Bond Yields Experience Rise Across Various Terms.

Seoul: South Korean bond yields showed an increase across several terms on November 6, 2024. The yields for treasury bonds and other financial instruments indicated a notable movement compared to the previous session. According to Yonhap News Agency, the 1-year Treasury Bond (TB) yield rose to 2.867% from the previous session's 2.858%, marking a change of 0.9 basis points. The 2-year TB saw a more significant increase, rising by 4.1 basis points to 2.980%. Similarly, the 3-year TB yield climbed by 4.2 basis points, reaching 2.960%. The 10-year TB yield experienced the most substantial increase, moving up 6.1 basis points to 3.134%. In the Monetary Stabilization Bond (MSB) market, the 2-year MSB yield increased by 4.2 basis points to 2.982%. Meanwhile, the 3-year Corporate Bond (CB) with an AA- rating saw its yield rise by 3.8 basis points to 3.529%. The 91-day Certificate of Deposit (CD) rate remained unchanged at 3.440%, showing no variation from the previous session. These movements reflect the current m arket conditions impacting South Korean bond yields.