South Korean Bond Yields Experience Notable Increases Across Various Maturities

SEOUL: South Korean bond yields saw noticeable increases across various maturities on October 22, 2024, reflecting a trend of rising interest rates. The most significant changes were observed in the 10-year Treasury bonds, which registered the largest increase of 7.6 basis points compared to the previous session. According to Yonhap News Agency, the 1-year Treasury bond yield rose to 2.879 percent, marking a 1.7 basis point increase from the previous session. The 2-year Treasury bond yield increased by 2.5 basis points, reaching 2.945 percent. The 3-year Treasury bond yield climbed by 4.1 basis points to 2.943 percent. This upward trend extended to the 10-year Treasury bonds, where the yield rose to 3.130 percent from 3.054 percent, marking an increase of 7.6 basis points. In addition to Treasury bonds, other financial instruments also experienced yield increases. The 2-year Monetary Stabilization Bond yield rose by 2.3 basis points, reaching 2.925 percent. The 3-year Corporate Bond (AA-) yield increased by 4.1 basis points to 3.512 percent. The 91-day Certificate of Deposit yield experienced a smaller increase of 1.0 basis point, reaching 3.400 percent.