South Korean Bond Yields Experience Modest Increase Across All Maturities

SEOUL: South Korean government bond yields rose slightly across all maturities in early trading on October 28, 2024. The yields on 1-year, 2-year, 3-year, and 10-year treasury bonds all saw increases, reflecting shifts in market dynamics. According to Yonhap News Agency, the yield on the 1-year treasury bond increased to 2.874 percent from the previous session's 2.851 percent, marking a change of 2.3 basis points. The 2-year treasury bond yield rose by 4.8 basis points, reaching 2.944 percent compared to the previous 2.896 percent. Similarly, the 3-year treasury bond yield experienced a rise of 5.1 basis points, moving to 2.933 percent from 2.882 percent in the prior session. The 10-year treasury bond yield showed the highest increase among the listed maturities, climbing 5.8 basis points to 3.112 percent from the previous 3.054 percent. In addition, the 2-year monetary stabilization bond (MSB) yield increased by 4.8 basis points to 2.928 percent from 2.880 percent. The 3-year corporate bond (AA-) yield als o saw a rise, increasing by 5.3 basis points to 3.504 percent from the previous session's 3.451 percent. These changes in bond yields indicate market responses to various economic factors influencing investor sentiment and expectations.