South Korean Bond Yields Experience Notable Increases Across Multiple Tenures

SEOUL - South Korean bond yields observed a series of increases across various tenures as of October 26, 2023.

According to a new release by the Yonhap News Agency, the 1-year Treasury bond (TB) yield rose by 1.8 basis points to 3.761 percent compared to the previous session's 3.743 percent.

The 2-year TB yield experienced a hike of 4.4 basis points, settling at 3.996 percent from 3.952 percent. Meanwhile, the 3-year TB yield increased by 6.6 basis points to 4.104 percent, up from 4.038 percent. The 10-year TB saw a significant climb, moving up by 11.1 basis points to 4.392 percent from 4.281 percent.

The 2-year Monetary Stabilization Bond (MSB) also rose by 4.1 basis points to reach 4.012 percent, compared to 3.971 percent in the previous session. The 3-year Corporate Bond with a rating of AA- advanced by 6.2 basis points, closing at 4.906 percent from 4.844 percent. Conversely, the 91-day Certificate of Deposit (CD) remained constant at 3.820 percent.

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