Treasury bonds 3-year 3.773%; long-term yields fall, leaving a mixed market
19During the morning, Treasury bond 3-year yields 3.773%, while 10-year yields 4.234%, declined. With short- and medium-term rates moving in the opposite direction from long-term rates, the bond market appeared to be searching for direction.
Treasury bond yields 19showed mixed moves in the morning. Short- and medium-term yields rose, while long-term yields fell. The yield curve flattened compared with the previous day.
In the Seoul bond market, the benchmark Treasury bond 3-year yield, as of 11:7, traded at 1.6 basis points (0.01 percentage points) above the previous day's average yield, at 3.773%. The 10-year yield 1.3 basis points lower, at 4.234%. The 30-year yield 0.1 basis points lower, at 4.196%.
The sharp rise in bond yields in major countries overnight eased. The Seoul bond market showed no clear direction that day. Investors appeared to be monitoring overseas yield movements alongside domestic rate trends.
Government bond futures also showed signs of finding a direction. 3Government bond futures were 4trading lower. As long-term yields fell, the gap between short- and long-term rates narrowed.
Bond yields also affect the stock market. When rates rise, companies may face higher borrowing costs. Conversely, when long-term rates fall, the discount burden used to value growth and dividend stocks may ease.
The day's movements did not reflect a uniform rise or fall in yields; they varied by maturity. 3Yields rose, while 10yields on another maturity and 30yields on a further maturity fell. As of the morning, the bond market showed adjustments across maturities rather than a clear overall direction.
Sources: 연합인포맥스
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