South Korean Bond Yields Show Mixed Movements

SEOUL — The South Korean bond market experienced varied changes in yields on February 21, 2024.

According to Yonhap News Agency, The movements in Treasury Bills (TB) and other securities indicate subtle shifts in investor sentiment and economic outlook.

The yield on 1-year TBs rose slightly by 1.2 basis points (BP) to 3.486%, while the 2-year TBs saw a minor increase of 0.3 BP, settling at 3.474%. In contrast, the 3-year TB yield decreased by 0.3 BP to 3.402%. The 10-year TBs also witnessed a decline, dropping 1.5 BP to 3.474%.

Moreover, the 2-year Monetary Stabilization Bonds (MSB) edged up by 0.2 BP to 3.463%. The Corporate Bonds (CB) rated AA- for a 3-year maturity decreased by 1.5 BP, reaching a yield of 4.090%. Additionally, the 91-day Certificate of Deposit (CD) rate increased by 1.0 BP to 3.700%.

These movements reflect the ongoing adjustments in the bond market, influenced by various factors, including monetary policy expectations and economic indicators.

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