SEOUL: South Korean bond yields saw a downward shift on the morning of October 16, 2024, affecting a spectrum of maturities from short to long-term bonds. The most significant changes were noted in the 10-year treasury bonds, which decreased by 3.8 basis points.
According to Yonhap News Agency, the yields for 1-year treasury bonds slightly decreased by 0.5 basis points, settling at 2.844 percent, down from 2.849 percent in the previous session. Meanwhile, 2-year treasury bonds fell by 2.3 basis points to 2.913 percent, and 3-year treasury bonds saw a decline of 2.2 basis points, ending at 2.884 percent.
The 10-year treasury bonds, typically watched by market analysts as a benchmark for long-term interest rates, showed a notable decrease by 3.8 basis points to 3.012 percent. This reflects a broader trend of easing yields amidst varying economic forecasts.
Additionally, the 2-year municipal standard bonds (MSB) decreased by 1.8 basis points to 2.888 percent. The 3-year corporate bonds (CB) rated AA- also exp
erienced a reduction in yield, falling by 2.0 basis points to 3.455 percent.
These movements in bond yields are indicative of the shifting sentiment in the financial markets, potentially influenced by domestic economic policies or global economic conditions.