SEOUL – South Korean bond yields experienced notable decreases across several maturities today, reflecting shifts in investor sentiment and economic outlooks on July 16, 2024.
According to Yonhap News Agency, the yield on 1-year treasury bills (TB) decreased slightly by 1.1 basis points, closing at 3.181% compared to the previous session's 3.192%. More significant declines were observed in longer maturities; the 2-year TB fell 3.5 basis points to 3.102%, and the 3-year TB dropped 4.1 basis points to 3.035%. The 10-year TB also saw a decrease of 4.0 basis points, settling at 3.137%.
In the corporate sector, 2-year monetary stabilization bonds (MSB) and 3-year corporate bonds (CB) rated AA- also recorded decreases in yields, moving down 4.4 and 4.2 basis points to 3.089% and 3.496%, respectively. Conversely, the yield on 91-day certificates of deposit (CD) increased by 1.0 basis point, ending at 3.550%.
These movements indicate a fluctuating bond market influenced by both domestic economic conditions and broader global financial trends.