South Korean Bond Yields Dip Slightly in Early Trading

SEOUL - South Korean bond yields saw minor declines in early trading on the morning of July 8, 2024, continuing recent trends in the bond market.

According to Yonhap News Agency, As of 11:30 AM, the 1-year treasury bond (TB) yield decreased by 0.7 basis points to 3.209 percent from the previous session, according to official data. The 2-year TB yield also dropped by 1.2 basis points to 3.149 percent, and the 10-year TB yield fell by 1.7 basis points to 3.210 percent. Other notable changes included a 1.4 basis point decrease in the 2-year municipal securities benchmark (MSB) to 3.125 percent, and a 0.8 basis point decline in the 3-year corporate bond (CB) rated AA- to 3.574 percent. These shifts indicate subtle yet ongoing adjustments in investor sentiment and market conditions in the South Korean financial markets.

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