Government Bond Yields Fluctuate... 10-Year Bond Hits Highest Level in 30 Months

Bond photo

[Asia Economy Reporter Ryu Tae-min] On the 31st, government bond yields rose across the board. The 10-year bond yield reached its highest level in 30 months since November 2018.

On that day in the Seoul bond market, the 10-year government bond yield closed at 2.179% per annum, up 4.7 basis points (1bp = 0.01 percentage points) from the previous trading day. This is the highest level since November 22, 2018 (2.206% per annum).

The 5-year bond yield closed at 1.739% per annum, up 6.6bp, marking the highest level in two years since May 15, 2019 (1.755%). The 3-year bond yield rose 6.5bp to 1.227% per annum, and the 2-year bond yield increased 6.6bp to 0.995% per annum.

The 20-year bond yield rose 2.8bp to 2.294% per annum. The 30-year and 50-year bond yields increased by 2.1bp and 2.2bp respectively, recording 2.292% per annum each.

There is analysis that the possibility of a rate hike within the year, mentioned last week by Bank of Korea Governor Lee Ju-yeol, is being actively reflected in the bond market. In fact, government bond yields rose across the board on the 28th, showing an upward trend in bond yields for two consecutive days.

This content was produced with the assistance of AI translation services.