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Biz News Korea(Eng)
S. Korea’s bond yield at 3-year high on fears of rate increases
- Collected
- 2018.01.31
- Distributed
- 2018.02.01
- Source
- Go Direct
The sell-off was more evident with the papers in the longer-curve. The 10-year government bond yield closed Tuesday at 2.784 percent, highest since December 2014 by rising 4.06 basis points from the previous session and as much as 31.5 basis points from the 2017 finish.
The yield in 20-year and 30-year papers jumped 8.1 basis points from a day earlier, while 50-year bond added 7.2 basis points.
The gains in the yields in shorter-dated papers were milder. The three-year government bond yield rose 2.3 basis points to finish at 2.304 percent, highest since September 2014. The five-year yield gained 3.3 basis points to 2.592 percent.
The yield on 10-year U.S. Treasury hovered above 2.6 percent as the market closely watches the U.S. Federal Reserve policy meeting on Wednesday and President Donald Trump’s State of Union address where he may announce more stimuli actions that could stoke inflationary pressure and acceleration in monetary tightening amid a solid recovery in the U.S. economy.
By Park Yun-gu and Cho Jeehyun
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