Government Bond Yields Close Mixed... Three-Year Ends at 3.595%

Yonhap News Agency

Yonhap News Agency

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On May 6, government bond yields closed mixed.


On the Seoul bond market that day, the yield on three-year government bonds ended at 3.595% per annum, down 2.0 basis points (bp, 1bp=0.01 percentage point) from the previous trading day. The yield on ten-year bonds closed flat at 3.932% per annum. Five-year and two-year bond yields fell by 1.1bp and 2.1bp respectively, finishing at 3.786% and 3.498% per annum.


The yield on twenty-year bonds rose by 2.5bp to close at 3.931% per annum. Thirty-year and fifty-year bond yields increased by 2.9bp and 2.5bp respectively, recording 3.844% and 3.699% per annum. Foreign investors were net buyers of 23,111 contracts of three-year government bond futures and 11,829 contracts of ten-year government bond futures.


On this day, government bond yields showed significant volatility, starting slightly weaker in early trading, turning upward, and eventually closing mixed. This was heavily influenced by expectations that the ceasefire between the United States and Iran would hold, as well as a sharp surge in the domestic stock market, with the KOSPI surpassing the 7,000 mark.

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