Korea Treasury Bond Yields Fall Across the Board
Korea Treasury Bond yields fell across the board on Oct. 16.Despite the KOSPI rebound, foreign net buying of Treasury bond futures continued, turning yields lower across the board in the afternoon on this day.The yield on 3-year Korea Treasury Bonds fell by 13 bp this week, and the 10-year yield fel
On October 16, South Korean Treasury bond yields experienced a general decline. Despite a rebound in the KOSPI index, foreign investors continued purchasing Treasury bond futures, resulting in lower yields throughout the day. The yield on 3-year bonds dropped by 13 basis points (bp) this week, while the 10-year yield fell by approximately 21 bp.
Consequently, the 3-year yield reached levels not seen since early September, and the 10-year yield had declined to early August levels. In the Seoul bond market, the 3-year Korea Treasury Bond closed at 3.854% per annum, a 1.3 bp decrease from the previous trading day. The 10-year yield dropped by 1.1 bp to 4.182% per annum. The yields for the 5-year, 2-year, 20-year, and 30-year bonds also experienced slight decreases.
Foreign net buying of Treasury bond futures persisted, causing yields to fall across all maturities.
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