SEOUL— South Korea witnessed minor adjustments in bond yields across various maturities on July 17, 2024, reflecting subtle market shifts.
According to Yonhap News Agency, the 1-year Treasury bill saw a rise of 1.2 basis points to 3.193 percent from the previous session's 3.181 percent. The 2-year Treasury bill yield nudged up slightly by 0.3 basis points to 3.105 percent, while the 3-year Treasury bill experienced a more noticeable increase of 1.5 basis points, reaching 3.050 percent. Longer-term, the 10-year Treasury bill yield edged up by 0.2 basis points to 3.139 percent.
In the municipal sector, the 2-year Municipal Stability Bond (MSB) rose by 1.3 basis points to 3.102 percent, and the 3-year Corporate Bond (AA-) also increased by 1.3 basis points to 3.509 percent. Conversely, the 91-day certificate of deposit (CD) rate decreased by 1.0 basis points, settling at 3.540 percent. These movements indicate a restrained yet active bond market as investors adjust their portfolios in response to economic signals and monetary policy expectations.