Seoul, South Korea – South Korean bond yields experienced significant shifts on January 2, 2024, as indicated by the latest financial data released today.
According to Yonhap News Agency, the yields for various treasury bonds (TBs) and monetary stabilization bonds (MSBs) showed a notable increase. The one-year treasury bond rate rose to 3.466%, marking an increase of 3.2 basis points (BP) from the previous session’s 3.434%. The two-year treasury bond yield also climbed, reaching 3.331%, up 6.9 BP from 3.262%. A similar trend was observed in the three-year TB, which saw an 8.6 BP rise to 3.240% from 3.154%, and the 10-year TB jumped 12.3 BP to 3.306% from 3.183%. In the case of two-year MSBs, the yield increased by 6.9 BP to 3.349% from 3.280%. The three-year corporate bond (AA-) also experienced a rise, with the yield reaching 3.980%, up 8.2 BP from 3.898%. However, the 91-day certificate of deposit (CD) maintained a steady rate of 3.830%, showing no change.
These changes in bond yields are crucial indicators of the financial market’s direction and investor sentiment in South Korea.