Korean Treasury bond yields surge, 10year 4.174% rise
1Korean Treasury bond yields surged on 10year yields stood at 4.174%, with hawkish remarks by Bank of Korea Governor Shin Hyun-song and caution over inflation data and a 30year bond auction due the next day cited as causes.
1Korean Treasury bond yields surged on . The yield curve steepened in a bear-steepening move. Long-term yields rose more sharply than short- and medium-term yields.
Bank of Korea Governor Shin Hyun-song delivered a hawkish message. Markets were cautious ahead of inflation data due to be released the following day and a Korean Treasury bond 30year auction. The caution affected trading in the bond market.
Korean Treasury bond 3year final quote yield was 3.790%. It rose 5.9 basis points from the previous session. The 3year bond is classified as a short-term interest rate indicator.
10The -year yield was 4.174%. Compared with the previous session, it 10.6basis points higher. 10The -year yield is often cited as a benchmark for long-term interest rates.
30The -year yield was 4.133%. Compared with the previous session, it 12.7basis points higher. 30The -year auction was a major focus for the market.
3Treasury futures recorded 103.15 was recorded. Compared with the previous day, they 18ticks lower. Futures prices moved in tandem with spot yields.
Foreign investors net bought approximately 1,700contracts. Financial investment firms continued to be net sellers. Trading by investor category showed diverging patterns.
Sources: 연합인포맥스
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