South Korean Bond Yields Experience Fluctuations on January 16, 2024

SEOUL - the bond yields on January 16, 2024, saw a range of changes compared to the previous session, indicating shifts in the country's financial landscape.

According to Yonhap News Agency, the one-year Treasury Bill (TB) experienced a slight increase, rising from 3.352% to 3.369%, marking a change of +1.7 basis points (BP). The two-year TB yield also went up from 3.269% to 3.303%, a change of +3.4 BP. Additionally, the three-year TB observed a more substantial increase, moving from 3.191% to 3.235%, which translates to a +4.4 BP change.

A similar trend was observed in the ten-year TB, which increased by +2.9 BP, rising from 3.293% to 3.322%. The two-year Monetary Stabilization Bonds (MSB) witnessed a rise from 3.259% to 3.297%, a +3.8 BP change. Meanwhile, the three-year Corporate Bond (CB) rated AA- saw an increase from 3.939% to 3.982%, equating to a change of +4.3 BP.

In contrast, the 91-day Certificate of Deposit (CD) experienced a decrease, moving from 3.740% to 3.720%, a change of -2.0 BP. This decrease in the short-term CD rate contrasts with the general upward trend observed in the longer-term bond yields.

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