The 3-year product also surged by 7.3bp… Highest in 1 year
On the 8th, domestic bond yields rose at the same time due to the rise in US Treasury yields.
On this day, the 10-year Treasury bond rate in the Seoul bond market ended at 2.028% per year, up 3.6bp (1bp=0.01% points) from the previous trading day.
This is the first time in two years since March 7, 2019 (2.005%) that the 10-year Treasury Bond yield has exceeded the 2% line based on the final quoted yield.
On the 5th, it exceeded 2% during the week.
Short-term goods also rose steeply.
The 3-year Treasury bond rate ended at 1.139% per year, up 7.3bp from the previous trading day, reaching the highest level in a year since March 23 (1.153%) last year.
The 5-year and 1-year bonds also rose 5.9bp and 0.8bp, respectively, to 1.497% per year and 0.687% per year.
It is interpreted that as the rise in bond yields steepens, it has begun to gradually affect not only long-term interest rates, but also mid- and short-term bonds under 5 years.
With the expectation that the economic recovery and inflation may be earlier than expected, and the US fiscal deficit is expected to expand, global bond yields have recently increased sharply, mainly for mid- to long-term bonds.
Earlier, the US Senate passed a $1.9 trillion-dollar new coronavirus infection (Corona 19) relief bill promoted by President Joe Biden on the 6th.
The number of non-agricultural employment in the United States for February announced on the 5th increased by 379,000, exceeding the market estimate.
The KOSPI closed at 2,996.11, down 30.15 points (1.00%) from the previous trading day in the aftermath of a rise in bond yields.
┌─────────┬────────┬────────┬────────┐
│ │ On the day (afternoonㆍ%) │ Previous day (%) │ Previous day (bp) │
├————–┼————┼———-┼——┤
│ KTB (1-year) │ 0.687 │ 0.679 │ +0.8 │
├————–┼————┼———-┼——┤
│ KTB (3 years) │ 1.139 │ 1.066 │ +7.3 │
├————–┼————┼———-┼——┤
│ KTB (5-year) │ 1.497 │ 1.438 │ +5.9 │
├————–┼————┼———-┼——┤
│ KTB (10-year) │ 2.028 │ 1.992 │ +3.6 │
├————–┼————┼———-┼——┤
│ KTB (20 years) │ 2.118 │ 2.115 │ +0.3 │
├————–┼————┼———-┼——┤
│ KTB (30 years) │ 2.124 │ 2.120 │ +0.4 │
├————–┼————┼———-┼——┤
│ KTB (50 years) │ 2.124 │ 2.119 │ +0.5 │
├————–┼————┼———-┼——┤
│ Tongan Securities (2 years) │ 0.935 │ 0.886 │ +4.9 │
├————–┼————┼———-┼——┤
│Corporate debt (3-year unwarranted) │ 2.117 │ 2.080 │ +3.7 │
│ AA- │ │ │ │
├————–┼————┼———-┼——┤
│ CD 91 days │ 0.740 │ 0.740 │ 0.0 │
└─────────┴─────────┴────────┴────────┘
/yunhap news
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