SEOUL—South Korean Treasury bond yields experienced modest declines in the morning trading session on August 13, 2024, continuing a trend of slight adjustments in the bond market.
According to Yonhap News Agency, the one-year Treasury bill (TB) yield decreased by 1 basis point to 3.074 percent from the previous session's 3.084 percent. Similarly, the two-year TB yield dropped 1.1 basis points to 3.023 percent, and the three-year TB yield saw a more significant decrease of 2.2 basis points to 2.924 percent. Notably, the ten-year TB yield also fell by 2.7 basis points to 2.973 percent, reflecting a broader trend of easing yields. In the municipal sector, the two-year municipal securities bond (MSB) yield declined by 1.6 basis points to 2.981 percent, while the three-year corporate bond (CB) rated AA- decreased by 1.9 basis points to 3.402 percent. These changes indicate a cautious adjustment in investor expectations and bond market dynamics.