Government Bond Yields Close Higher Across the Board
Government bond yields rose across the board on the 9th as uncertainty over a rate cut by the U.S. Federal Reserve (Fed) emerged.
On that day in the Seoul bond market, the 3-year government bond yield closed at 3.453% per annum, up 1.4 basis points (1bp = 0.01 percentage points) from the previous trading day.
The 10-year yield rose 2.6bp to 3.556% per annum. The 5-year and 2-year yields increased by 1.7bp and 0.8bp, closing at 3.490% and 3.481% per annum, respectively.
The 20-year yield rose 3.5bp to 3.496% per annum. The 30-year and 50-year yields increased by 4.6bp and 4.4bp, recording 3.418% and 3.392% per annum, respectively.
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This is interpreted as a result of rising U.S. Treasury yields due to renewed uncertainty over a rate cut following hawkish remarks from Fed officials.
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