Ahead of the U.S. Federal Open Market Committee (FOMC) meeting, Treasury bond yields mostly declined on the 26th, but the drops were not significant.
Federal Reserve Chairman Powell holding a press conference after the FOMC meeting. Photo by Yonhap News
On that day in the Seoul bond market, the 3-year Treasury bond yield closed at 3.024% per annum, unchanged from the previous trading day.
The 10-year yield fell by 2.0 basis points to 3.108% per annum. The 5-year and 2-year yields decreased by 1.4 basis points and 0.3 basis points, closing at 3.045% and 3.100% per annum, respectively.
The 20-year yield dropped by 0.6 basis points to 3.082% per annum. The 30-year and 50-year yields each declined by 1.1 basis points, recording 2.993% and 2.939% per annum, respectively.
It is expected that until the FOMC meeting on the 30th and 31st, Treasury bond yields will continue to move within a limited range, maintaining a 'range-bound market.'
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