National Treasury Bond Yields Fall Across the Board... 3-Year Bond Drops to 2.947%

[Asia Economy Reporter Moon Hyewon] Treasury bond yields closed lower across the board.

According to the Korea Financial Investment Association on the 27th, the 3-year Treasury bond yield closed at an annual rate of 2.947%, down 0.008 percentage points from the previous day.

The 2-year yield closed at 2.693%, down 0.026 percentage points. The 10-year yield fell 0.026 percentage points to 3.212%. The 5-year yield also recorded 3.135%, down 0.0014 percentage points.

The 20-year yield was 3.197%, down 0.028 percentage points from the previous day, and the 30-year yield stood at 3.091%, down 0.042 percentage points.

This is interpreted as a result of the release of the May minutes of the U.S. Federal Open Market Committee (FOMC) and the Bank of Korea's interest rate hike, which resolved short-term monetary policy uncertainties.

Kiwoom Securities researcher Ahn Yeha said, “We judge that short-term monetary policy uncertainty has eased through the May FOMC minutes and the May Bank of Korea Monetary Policy Committee meeting,” adding, “This is because the monetary policy paths of Korea and the U.S. have become clear until August.”