Government Bond Yields Rebound Across the Board... 3-Year Bond at 3.196%
Kookgoche Bond Yields Rise Throughout Trading on the 20th
"Growing Expectations for Market Interest Rate Cuts"
Government bond yields all rebounded on the 20th. This is interpreted as a result of adjustment sentiment following the recent sharp decline in yields.
On that day in the Seoul bond market, the 3-year government bond yield closed at 3.196% per annum, up 3.4bp (1bp = 0.01 percentage points) from the previous trading day. The 10-year yield rose 3.8bp to 3.269% per annum. The 5-year and 2-year yields increased by 3.2bp and 2.6bp respectively, closing at 3.220% and 3.269% per annum.
The 20-year yield rose 4.1bp to 3.235% per annum. The 30-year and 50-year yields increased by 3.9bp and 3.6bp respectively, recording 3.158% and 3.144% per annum.
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Government bond yields showed an upward trend throughout the trading session that day. The previous day (the 19th), the US bond market was closed due to a local holiday, and cautious views spread regarding the rapidly declining domestic government bond yields. On the previous day, the 3-year government bond yield hit a year-to-date low of 3.162% per annum.
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