SEOUL — On July 2, 2024, South Korea witnessed a decrease in bond yields across multiple maturities compared to the previous session. The shifts indicate a notable trend in the country’s debt market amidst ongoing economic conditions.
According to Yonhap News Agency, the yield on 1-year Treasury bills fell by 4.8 basis points to 3.261%, while 2-year Treasury bills dropped 5.4 basis points to 3.209%. Similarly, 3-year Treasury bills saw a decline of 4.1 basis points, settling at 3.169%. Longer-term, the 10-year Treasury bill yields decreased by 2.3 basis points to 3.289%. Additionally, other instruments like 2-year Monetary Stabilization Bonds and 3-year Corporate Bonds rated AA- experienced declines of 5.7 and 4.7 basis points, respectively. Notably, the 91-day Certificate of Deposit yield remained unchanged at 3.600%.