Korean Treasury Bond Yields Close Higher Across the Board... 3-Year at 3.740%
Long-term yields also rise across the board
Korean Treasury bond yields closed higher across the board on Nov. 2.
In the Seoul bond market, the yield on three-year Korean Treasury bonds closed at 3.740% per annum, up 2.5 basis points (1 bp = 0.01 percentage point) from the previous trading day. The 10-year yield rose 2.6 basis points to 4.034% per annum. The five- and two-year yields also climbed 2.7 and 1.4 basis points, respectively, closing at 3.892% and 3.719% per annum.
Long-term yields also rose across the board. The 20-year yield gained 0.9 basis points to 4.115% per annum. The 30- and 50-year yields rose 0.7 and 0.6 basis points, respectively, to 4.131% and 4.155%. Foreign investors were net buyers of 8,813 three-year Treasury futures contracts and 1,998 10-year Treasury futures contracts on the day.
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The day's moves in Korean Treasury bond yields are seen as largely reflecting a partial reversal of last week's sharp declines. Over the previous week, the three-year yield fell from 3.803% to 3.715%, while the 10-year yield dropped from 4.097% to 4.008%.
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