South Korean Bond Yields Dip Across Various Maturities

SEOUL - Bond yields in South Korea showed a decline across various maturities on March 4, 2024, reflecting changes in investor sentiment and market dynamics.

According to Yonhap News Agency, the yield on 1-year treasury bills decreased by 2.7 basis points to 3.469 percent, while the 2-year treasury bills saw a decline of 3.1 basis points to 3.438 percent. The 3-year treasury bill yields also fell by 2.5 basis points to 3.360 percent, and the 10-year treasury bills experienced a decrease of 4.1 basis points to 3.434 percent.

In addition to treasury bills, other instruments such as 2-year monetary stabilization bonds (MSBs) and 3-year credit bonds (CBs) rated AA- also saw declines in yields, falling 2.8 and 2.9 basis points to 3.416 percent and 4.008 percent, respectively. Moreover, the 91-day certificate of deposit (CD) rate slightly decreased by 1.0 basis point to 3.680 percent.

These movements in bond yields come amid various economic factors and policy decisions affecting the financial markets, providing insights into the changing landscape of investment and borrowing costs in South Korea.

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