SEOUL, South Korea — The South Korean bond market experienced modest fluctuations in yields on Thursday, May 3, 2024. The movements in yields reflected a mixed sentiment in the bond market, with some maturities experiencing slight increases and others seeing decreases.
According to Yonhap News Agency, The yield on one-year Treasury bills edged down by 0.2 basis points to 3.460 percent, while the two-year Treasury bill yield slightly increased by 0.4 basis points to 3.507 percent. The three-year Treasury bill yield decreased by 0.9 basis points, closing at 3.500 percent. Notably, the yield on ten-year Treasury bills dropped by 2.4 basis points to 3.614 percent.
Other instruments such as the two-year Monetary Stabilization Bonds (MSB) saw a minor rise of 0.2 basis points, ending at 3.503 percent. The three-year Corporate Bonds (rated AA-) yield decreased by 1.4 basis points to 3.958 percent. Meanwhile, the 91-day certificate of deposit (CD) rate increased by 1.0 basis points, concluding the session at 3.580 percent.
These subtle shifts in bond yields reflect the ongoing adjustments in investor expectations and market conditions within the South Korean financial markets.