SEOUL: Slight changes marked the landscape of South Korean bond yields on October 14, 2024, with minor adjustments across various tenures and types of bonds.
According to Yonhap News Agency, the yields on one-year treasury bills (TB) saw a marginal increase of 0.1 basis points, settling at 2.857 percent compared to the previous session’s 2.856 percent. In contrast, both two-year and three-year TBs experienced decreases of 0.9 basis points, bringing them to 2.962 percent and 2.938 percent, respectively. Notably, the ten-year TB yield rose slightly by 0.2 basis points to 3.087 percent.
The two-year municipal stability bonds (MSB) recorded a more significant drop of 1.6 basis points, ending at 2.928 percent. Similarly, the three-year corporate bonds (CB) rated AA- decreased by 1.4 basis points to 3.509 percent. The 91-day certificate of deposit (CD) yield remained unchanged at 3.400 percent, indicating stability in the short-term lending market.
These shifts in bond yields reflect subtle yet important movemen
ts in the South Korean financial markets, impacting investors and policymakers alike. The variations in treasury bills, municipal bonds, and corporate bonds highlight the diverse responses of different financial instruments to underlying economic conditions.