Government Bond Yields Fall... 3-Year at 3.650% · 10-Year at 3.663%
[Asia Economy Seo So-jung Reporter] Due to remarks by Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), about slowing the pace of interest rate hikes, Treasury bond yields fell across the board (bond prices rose).
On this day in the Seoul bond market, the 3-year Treasury bond yield closed at 3.650% per annum, down 3.9 basis points (1bp = 0.01 percentage points) from the previous trading day.
The 10-year yield fell 0.4bp to 3.663% per annum. The 5-year and 2-year yields closed at 3.682% and 3.801% per annum, down 1.5bp and 2.6bp respectively.
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The 20-year yield declined 1.6bp to 3.702% per annum. The 30-year and 50-year yields recorded 3.679% and 3.681% per annum, down 1.0bp each.
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