3-Year Government Bond Yield Surpasses 2% Again Amid Base Rate Hike and Supplementary Budget Formation
[Asia Economy Reporter Park So-yeon] On the 14th, government bond yields rose across the board following the base interest rate hike and the government's announcement of an additional supplementary budget (추경).
On that day, in the Seoul bond market, the 3-year government bond yield closed at an annual rate of 2.044%, up 9.1bp (1bp = 0.01 percentage points) from the previous trading day.
Based on the closing price, it exceeded 2% again for the first time in three trading days since the 11th (annual 2.038%).
The 10-year bond yield rose 5.6bp to an annual 2.453%. The 5-year and 2-year yields increased by 8.0bp and 7.2bp, closing at annual rates of 2.239% and 1.880%, respectively.
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The 20-year yield rose 4.0bp to an annual 2.426%. The 30-year and 50-year yields increased by 3.5bp and 2.7bp, recording annual rates of 2.385% and 2.378%, respectively.
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