National Treasury Bond Yields Close Higher Amid Foreigners' Futures Selling
Government bond yields rose across the board due to foreign investors' selling of government bond futures.
On the 6th in the Seoul bond market, the 3-year government bond yield closed at 2.524% per annum, up 4.2 basis points (1bp = 0.01 percentage points) from the previous trading day.
The 10-year yield rose 6.3bp to 2.817% per annum. The 5-year and 2-year yields increased by 4.2bp and 2.2bp, closing at 2.685% and 2.699% per annum, respectively.
The 20-year yield rose 2.4bp to 2.764% per annum. The 30-year and 50-year yields increased by 2.9bp and 2.7bp, recording 2.707% and 2.594% per annum, respectively.
Notably, the 10-year yield rose again on this day following the previous trading day. Other government bond yields had declined on the previous trading day, the 3rd.
In the government bond futures market, foreign investors showed a net selling position. Foreign investors net sold 589 contracts of 3-year government bond futures and 2,293 contracts of 10-year government bond futures.
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For the 3-year government bond futures, there was net buying in the morning but it turned to net selling in the afternoon. The 10-year government bond futures have been net sold for seven consecutive trading days.
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