SEOUL — South Korean bond yields experienced a decrease on February 2, 2024, reflecting subtle shifts in the country's financial markets.
According to Yonhap News Agency, The day's trading saw a marginal decrease in yields across various tenures, according to the latest data. The one-year Treasury bill (TB) yield dropped by 0.5 basis points to 3.333%, while the two-year TB yield saw a reduction of 1.1 basis points, settling at 3.309%. The three-year TB yield decreased by 1.9 basis points to 3.248%, and the 10-year TB yield notably fell by 5.2 basis points to 3.287%. Additionally, the two-year Monetary Stabilization Bond (MSB) yield declined by 1.5 basis points to 3.304%, and the three-year Corporate Bond (CB) with an AA- rating decreased by 1.9 basis points to 3.982%. Meanwhile, the 91-day Certificate of Deposit (CD) yield remained unchanged at 3.680%.
These changes in bond yields are indicative of the dynamic nature of the financial markets, influenced by a variety of domestic and international factors. Investors closely monitor these yields as they reflect the government's credit risk, economic outlook, and policy expectations.