SEOUL - South Korean bond yields saw a general decline on August 13, 2024, with changes across multiple bond types and maturities reflecting a downward trend in interest rates.
According to Yonhap News Agency, the one-year Treasury bill (TB) decreased slightly by 1.2 basis points to 3.072 percent from the previous session's 3.084 percent. The two-year TB also fell by 0.8 basis points, closing at 3.026 percent. Notably, the three-year TB saw a more significant reduction of 2.8 basis points, ending at 2.918 percent. The ten-year TB yield decreased by 2.6 basis points to 2.974 percent. In the municipal sector, the two-year municipal standard bond (MSB) dropped 2.1 basis points to 2.976 percent, and the three-year corporate bond (CB) rated AA- decreased by 2.6 basis points to 3.395 percent. Conversely, the 91-day certificate of deposit (CD) increased by 3.0 basis points to 3.490 percent.