Government Bond Yields Rise on 'Level Burden'... 3-Year Bond at 3.074% Annual Rate

Despite net buying of government bond futures by foreigners, the market interest rates continued to adjust due to the burden of the rate level, and on the 19th, Treasury bond yields rose across the board.

On that day in the Seoul bond market, the 3-year Treasury bond yield closed at 3.074% per annum, up 1.6 basis points (1bp = 0.01 percentage points) from the previous trading day.

The 10-year yield rose 1.8bp to 3.156% per annum. The 5-year and 2-year yields increased by 1.8bp and 2.9bp, closing at 3.099% and 3.144% per annum, respectively.

The 20-year yield rose 1.6bp to 3.111% per annum. The 30-year and 50-year yields increased by 1.4bp and 1.3bp, recording 3.026% and 2.974% per annum, respectively.

Photo by Jinhyung Kang aymsdream@

On that day, Treasury bond yields rose throughout the trading session in the bond market. It seems the market has officially entered an adjustment phase due to the burden of the level. Market attention is focused on the upcoming U.S. Q2 Gross Domestic Product (GDP) growth rate on the 25th and the U.S. June Personal Consumption Expenditures (PCE) announcement on the 26th.

On that day, foreign investors net bought 2,149 contracts of 3-year Treasury bond futures and 1,165 contracts of 10-year Treasury bond futures.

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