Short-term rates fell sharply as the exchange rate plunged 3.4450%, steepening the curve
8In Seoul’s bond market, short-term rates fell while medium- and long-term rates rose amid the sharp drop in the exchange rate, steepening the yield curve. 1-year IRS stood at 3.4450%, 2.75basis points lower, while the government bond 3-year yield was 3.775%, 0.5basis points lower.
8As the exchange rate plunged in Seoul’s bond market, short-term rates fell while medium- and long-term rates rose. This was recorded as a steepening of the yield curve.
At 4, 27as of 1-year IRS stood at 3.4450%, down 2.75basis points from the previous trading day. The 2-year segment fell 2.00basis points, while the 3-year segment fell 0.75basis points.
5-year IRS rose to 3.9625%, up 1.25basis points. The 10-year IRS rose to 4.0600%, up 3.25basis points.
The same trend appeared in spot Treasury bonds. 3-year Treasury bonds’ final quoted yield was 3.775%, 0.5bp lower than in the previous session.
10The yield on -year bonds 4.245was 3.2%, up 30The yield on -year bonds 4.425was 3.5%, higher by
Treasury futures also moved in opposite directions. 3-year Treasury futures 103.12rose 2ticks to
10-year Treasury futures 105.91fell 29ticks to
A bond dealer at a securities firm among market participants said that the sharp drop in the exchange rate was behind the decline in short-term bonds. Bond prices and swap rates on the day moved in line with spot-market trends.
Sources: 연합인포맥스
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