US Treasury Yields Surge, Korean Government Bond Yields Also Rise... 10-Year Note at 2.290%

[Image source=Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] Due to the sharp rise in U.S. Treasury yields, South Korea's government bond yields also showed an upward trend on the morning of the 29th.

As of 10 a.m. on that day in the Seoul bond market, the 3-year government bond yield was trading at an annual rate of 1.630%, up 2.1 basis points (1bp = 0.01 percentage points) from the previous trading day.

The 10-year yield rose 3.4bp to 2.290% annually, surpassing 2.2% again following the previous day. The 5-year and 2-year yields increased by 3.6bp and 2.9bp, respectively, recording annual rates of 1.986% and 1.475%.

The 20-year yield rose 0.2bp to 2.242% annually. The 30-year yield increased 2.8bp to 2.237% annually.

On the 28th (local time), the U.S. 10-year Treasury yield continued its upward trend, surging to around 1.56% during the session. Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), mentioned that high inflation could persist for some time, raising concerns about tightening.

Additionally, Treasury Secretary Janet Yellen warned that failure to adjust the federal government debt ceiling could lead to serious consequences for the U.S. economy, which was another factor driving the rise in yields.

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