Korean Treasury bond 10yield 4.239%, 2023highest in years
Korean Treasury bond 10yield 4.239% to 2023 since 11 , reaching its highest level since . Net foreign purchases of government bond futures narrowed the afternoon decline.
18In the domestic bond market on , Korean Treasury bond yields rose, mainly in longer-dated issues. Uncertainty over overseas interest rates weighed on the market early in the session. Ongoing global fiscal concerns affected long-term yields.
The final quoted yield on the -year Korean Treasury bond was 3 basis points lower than the previous session at 0.9%3.757. Short-term maturities moved differently from longer-term ones. Yields moved in opposite directions across maturities that day.
The yield on the -year Korean Treasury bond 10rose 2.2 basis points to 4.239%. On a final-quoted-yield basis, it was the highest since 2023, 11 . At the time, the yield on the -year bond was 1%.10%4.288.
Treasury bond 30-year yield 6.5basis points higher, at 4.196%. This is 2023 year 10 month 26the highest level since 30At the time, the 4.241-year yield was %.
Foreign investors continued to make large net purchases of government bond futures in the afternoon. As this buying emerged, the bond market’s losses narrowed considerably. Long-term yields closed higher, but some of the pressure during the session eased.
A rise in bond yields means bond prices are falling. In the market that day, pressure from overseas yields and foreign investors’ futures buying both had an effect. As a result, long-term yields rose, while short-term yields edged down.
Sources: 연합인포맥스
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