Government Bond Yields Rise Across the Board... 10-Year Bond Hits New Annual High at 3.355%

3-Year Bonds Close at 2.990% Annual Rate

[Asia Economy Reporter Seongpil Cho] On the 18th, government bond yields rose across the board.

On that day in the Seoul bond market, the 10-year government bond yield closed at an annual rate of 3.355%, up 5.4 basis points (1bp=0.01 percentage points) from the previous trading day. The 10-year yield hit a new closing high, reaching its highest level since June 9, 2014 (3.380% annually). The 3-year yield rose 4.6bp to 2.990% annually. The 5-year and 2-year yields increased by 6.1bp and 2.9bp, closing at 3.227% and 2.802% annually, respectively. The 20-year yield rose 9.6bp to 3.349% annually. The 30-year and 50-year yields increased by 9.7bp and 9.3bp, recording 3.257% and 3.249% annually, respectively. The 20-year, 30-year, and 50-year yields all reached new annual highs.

As U.S. Treasury yields rose across the board in the Asian market, domestic government bond yields also increased, mainly in long-term maturities. Government bond yields fell after the Bank of Korea's Monetary Policy Committee meeting and subsequent press conference on the 14th were assessed as less hawkish (less inclined toward monetary tightening), but have resumed an upward trend. There is analysis that uncertainty about monetary policy remains, including from the U.S. Federal Reserve (Fed).

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