The National Treasury Bond interest rates generally rise... CP interest rates slightly decline
[Asia Economy Reporter Lee Jung-yoon] On the 7th, government bond yields mostly rose while commercial paper (CP) yields fell.
In the Seoul bond market, the 3-year government bond yield closed at an annual rate of 1.047%, down 0.5bp (1bp=0.01 percentage point) from the previous trading day.
The 10-year yield closed at 1.580%, up 3.7bp, while the 5-year and 1-year yields closed at 1.318% and 0.911%, rising 1.6bp and falling 1.7bp respectively.
The 20-year yield rose 3.3bp to 1.661% annually. The 30-year and 50-year yields closed at 1.670%, up 3.0bp and 2.9bp respectively.
The 3-year AA- rated unsecured corporate bond yield closed steady at 2.100% annually.
The upward trend in CP yields eased as the government’s market stabilization measures, including the Bond Market Stabilization Fund (채안펀드), were activated.
The 91-day CP yield closed at 2.18% annually, down 1.0bp from the previous trading day.
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Previously, CP yields had risen for 12 consecutive trading days until the 2nd, then turned downward on the 3rd, and closed steady the day before.
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