National Treasury Bond Yields Fall in Unison Following Base Rate Hold

[Asia Economy Reporter Ryu Tae-min] On the 23rd, when the Monetary Policy Committee of the Bank of Korea kept the base interest rate steady at 3.50% per annum, the yields on government bonds collectively declined (bond prices rose).

In the Seoul bond market that day, the yield on 3-year government bonds closed at 3.599% per annum, down 4.6 basis points (1bp = 0.01 percentage points) from the previous trading day.

The 10-year bond yield fell 4.4bp to 3.595% per annum. The 5-year and 2-year yields closed at 3.628% and 3.702% per annum, down 5.4bp and 5.1bp respectively.

The 20-year bond yield dropped 4.9bp to 3.546% per annum. The 30-year and 50-year yields recorded 3.504% and 3.430% per annum, down 5.0bp and 4.9bp respectively.