Seoul – South Korean bond yields on November 23, 2023, saw varied movements across different maturities. The yields for one-year and two-year Treasury Bills (TB) decreased, with the one-year TB dropping by 1.8 basis points to 3.702 percent and the two-year TB by 1.2 basis points to 3.704 percent. The three-year Treasury Bill experienced a more significant drop of 2.2 basis points, settling at 3.644 percent.
According to Yonhap News Agency, in contrast, the 10-year Treasury Bill saw the most considerable decrease, with its yield falling by 5.0 basis points to 3.712 percent. The two-year Monetary Stabilization Bonds (MSB) and three-year Credit Bonds (CB) with an AA- rating also recorded declines in their yields. However, the 91-day Certificate of Deposit (CD) rate increased marginally by 1.0 basis point.
These movements in bond yields reflect the ongoing adjustments in the financial market amidst global economic uncertainties and domestic fiscal policy considerations.