South Korean Bond Yields Rise on January 3, 2024

Seoul – South Korean bond yields witnessed changes in their rates on January 3, 2024, with a mix of slight increases across various tenures.

According to Yonhap News Agency, the bond yields for January 3, 2024, showed an increase in most categories compared to the previous session. The 1-year Treasury Bill (TB) increased marginally by 0.5 basis points, closing at 3.471 percent. The 2-year TB rose by 4.0 basis points, settling at 3.371 percent, while the 3-year TB saw an increase of 3.8 basis points, ending at 3.278 percent. The 10-year TB also experienced an uptick of 3.2 basis points, finishing at 3.338 percent. The 2-year Monetary Stabilization Bond (MSB) went up by 3.7 basis points to 3.386 percent, and the 3-year Credit Bond (AA-) increased by 3.7 basis points, reaching 4.017 percent. Notably, the 91-day Certificate of Deposit (CD) remained unchanged at 3.830 percent.