Government Bond Yields Mostly Decline... Three-Year Bonds Close at 2.999% Per Annum

On December 16, government bond yields mostly declined.

On this day, in the Seoul bond market, the yield on three-year government bonds closed at 2.999% per annum, down 0.1 basis points (bp; 1bp = 0.01%) from the previous trading day. The yield on 10-year bonds fell by 1.2bp to 3.313% per annum. The yields on five-year and two-year bonds dropped by 1.5bp and 1.0bp, closing at 3.244% and 2.831% per annum, respectively. The yield on 20-year bonds decreased by 1.3bp to 3.265% per annum. The yields on 30-year and 50-year bonds recorded 3.179% per annum, up 0.1bp, and 3.105% per annum, unchanged from the previous session.

Foreign investors were net sellers of 10,631 contracts of three-year government bond futures and 3,505 contracts of 10-year government bond futures.

Experts noted that, as trading volume is typically low at the end of the year, high volatility is likely to persist, and a wait-and-see approach is expected to continue ahead of upcoming global economic indicator releases.

Yonhap News Agency

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