Government Bond Yields Rise Across the Board... 3-Year Bond at 1.919% Annual Interest

The Highest Level Since December 3, 2018

[Asia Economy Reporter Park Jun-yi] Government bond yields rose across the board on the 25th.

On that day in the Seoul bond market, the 3-year government bond yield closed at an annual rate of 1.919%, up 3.0bp (1bp=0.01 percentage point) from the previous trading day, marking a new high again.

This is the highest level since December 3, 2018 (annual 1.924%).

The 5-year bond rose 3.7bp to an annual rate of 2.240%, reaching the highest level since October 10, 2018 (annual 2.245%).

The 10-year bond yield increased by 1.5bp to an annual rate of 2.426%. The 2-year bond closed at an annual rate of 1.647%, up 0.8bp.

The 20-year bond yield rose 4.5bp to an annual rate of 2.433%. The 30-year and 50-year bonds each increased by 7.4bp, recording annual rates of 2.385% and 2.385%, respectively.

Except for the 10-year bond, yields across all maturities hit new annual highs.

As concerns about tightening spread worldwide, yields continue their upward trend. After a streak of annual highs, government bond yields, mainly short-term, began to pull back from the 19th, entering a pause, but turned upward again starting on the 22nd.