South Korean Bond Yields See Slight Changes on January 12, 2024

SEOUL - South Korean bond yields witnessed minor adjustments in their rates on January 12, 2024, compared to the previous session, showing a mix of slight increases and decreases across different maturities.

According to Yonhap News Agency, The 1-year Treasury Bond (TB) rate decreased by 2.4 basis points, settling at 3.371%, down from the previous session's 3.395%. Similarly, the 2-year TB experienced a decline of 3.0 basis points, ending at 3.300%, compared to the earlier 3.330%. The 3-year TB also saw a decrease of 2.3 basis points, closing at 3.204%, down from 3.227%.

In contrast, the 10-year TB witnessed a marginal decrease of 0.1 basis points, moving to 3.306% from the previous 3.307%. The 2-year Monetary Stabilization Bond (MSB) rate dropped by 2.7 basis points to 3.266%, from its earlier rate of 3.293%.

Additionally, the 3-year Corporate Bond (CB) rated AA- decreased by 2.3 basis points, ending at 3.953% compared to the previous 3.976%. The 91-day Certificate of Deposit (CD) rate also saw a decrease of 1.0 basis point, moving to 3.770% from 3.780%.

These changes in the South Korean bond market reflect the ongoing adjustments in the financial sector, with minor fluctuations across various bond maturities.

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