Government Bond Yields in 'Mixed Wait-and-See' Mode↓... 3-Year Bond at 2.408%

On the 14th, the yields on Korean government bonds generally declined amid a 'complex wait-and-see stance' regarding the U.S. Treasury situation and the Bank of Korea's Monetary Policy Committee meeting.

In the Seoul bond market that day, the 3-year government bond yield closed at 2.408% per annum, down 0.3 basis points (1bp = 0.01 percentage points) from the previous trading day.

The 10-year yield fell 0.5bp to 2.691% per annum. The 5-year and 2-year yields closed at 2.509% and 2.464% per annum, down 0.1bp and up 0.5bp, respectively.

The 20-year yield dropped 2.0bp to 2.625% per annum. The 30-year and 50-year yields declined 1.3bp and 1.2bp, respectively, recording 2.531% and 2.399% per annum.

The U.S. Treasury market experienced a sell-off last week as trust plummeted due to the tariff war triggered by U.S. President Donald Trump. However, as the U.S.-China conflict entered a lull, the market gradually stabilized.

On the weekend of the 11th, the U.S. 2-year Treasury yield rose 9.60bp to 3.9660%, and the 10-year yield increased 6.20bp to 4.4920%.