National Treasury Bond Yields Rise Across the Board Ahead of US FOMC Meeting

3-Year Bond 2.621%

On the 17th, yields on government bonds rose across the board.

In the Seoul bond market that day, the yield on 3-year government bonds closed at 2.621% per annum, up 6.8 basis points (1bp = 0.01 percentage points) from the previous trading day.

The 10-year yield rose 6.9bp to 2.790% per annum. The 5-year and 2-year yields increased by 7.6bp and 5.0bp, closing at 2.731% and 2.715% per annum, respectively. The 20-year yield rose 7.4bp to 2.722% per annum. The 30-year and 50-year yields increased by 8.1bp and 7.3bp, recording 2.654% and 2.547% per annum, respectively.

The market focused on the upcoming meeting of the U.S. Federal Open Market Committee (FOMC) scheduled for this week. At the FOMC meeting held on the 17th?18th (local time), the U.S. Federal Reserve (Fed) is expected to cut the policy rate by 0.25 percentage points, with attention centered on the future path of rate cuts.