Government Bond Yield, 3-Year at 2.620%... Mixed Trends Amid Impeachment Turmoil

The 10-year bond yield rises 0.6bp to 2.744%

On the 6th, government bond yields showed mixed trends.

In the Seoul bond market that day, the 3-year government bond yield closed at 2.620% per annum, up 1.7 basis points (1bp = 0.01 percentage points) from the previous trading day.

The 10-year yield rose 0.6bp to 2.744% per annum. The 5-year and 2-year yields increased by 1.3bp each, closing at 2.633% and 2.670% per annum, respectively.

On the other hand, the 20-year yield fell 0.7bp to 2.647% per annum. The 30-year and 50-year yields declined by 1.2bp and 1.1bp, respectively, recording 2.561% and 2.484% per annum.

Following the emergency martial law incident on the 4th, government bond yields, which had all risen, fell the previous day as political risks stabilized. However, on this day, the impeachment political situation rapidly changed again, resulting in mixed closing trends. The mixed closing in the U.S. bond market the previous day, as investors awaited employment data, also appears to have had an impact.

In the U.S., the November nonfarm payroll employment data will be released on the 6th (local time). This is the last official employment indicator released before the December U.S. Federal Open Market Committee (FOMC) meeting and is expected to influence interest rate decisions.

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