Short-term Korean Treasury Bonds Rise, Long-term Bonds Fall... 3-Year Bond at 2.937%
Awaiting US Q3 GDP Preliminary Figures
On the 30th, government bond yields closed mixed. Short-term bonds rose while long-term bonds declined.
In the Seoul bond market that day, the 3-year government bond yield closed at 2.937% per annum, up 0.1bp (1bp = 0.01 percentage points) from the previous trading day.
The 10-year yield fell 1.3bp to 3.105% per annum. The 5-year and 2-year yields closed at 3.002% and 2.956% per annum, down 0.7bp and up 0.8bp respectively. The 20-year yield dropped 0.9bp to 3.022% per annum. The 30-year and 50-year yields each declined 1.9bp, recording 2.952% and 2.869% per annum respectively.
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Government bond yields appeared to be in a wait-and-see mode ahead of the U.S. third-quarter Gross Domestic Product (GDP) preliminary estimate and the ADP (Automatic Data Processing) private employment report scheduled for release that night. These indicators are expected to provide insight into the U.S. October nonfarm payroll employment level, which will be announced on November 1.
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