▲ Treasury Bonds
South Korean Treasury yields rose across the board.
The yield on 10-year Treasury bonds reached its highest level since October 2022, breaking its yearly high.
Yields on 30-year and 50-year Treasury bonds broke all-time records, while the yield on 3-year Treasuries came very close to its yearly high.
As rising oil prices driven by heightened tensions in the Middle East pushed up bond yields in major economies such as the United States, the bond market is awaiting South Korea's second-quarter growth indicators to be released tomorrow.
In the Seoul bond market today, the yield on 3-year Treasury bonds closed at 3.913 percent per annum, up 4.6 basis points (1 bp = 0.01 percentage point) from the previous trading day.
This is the highest level since 3.940 percent recorded on June 8.
The 10-year yield rose 6.6 basis points to 4.394 percent per annum.
The 5-year and 2-year yields rose 5.2 basis points and 3.6 basis points, respectively, closing at 4.172 percent and 3.728 percent per annum.
The 20-year yield rose 7.6 basis points to 4.617 percent per annum.
The 30-year and 50-year yields rose 7.1 basis points and 7.1 basis points, respectively, recording 4.635 percent and 4.527 percent per annum.
In particular, the yields on 30-year and 50-year Treasury bonds rewrote their all-time record highs following yesterday.
Treasury futures prices fell on this day.
3-year Treasury futures fell 16 ticks to 102.70, and 10-year Treasury futures fell 62 ticks to 104.56.
Foreign investors net sold 7,898 contracts of 3-year Treasury futures and 6,363 contracts of 10-year Treasury futures.
Overnight, U.S. Treasury yields rose, reflecting rising oil prices driven by escalating conflict between the United States and Iran.
In Asian trading, West Texas Intermediate (WTI) crude for August delivery was trading around 86.61 dollars per barrel, up 2.25 dollars (2.30 percent) from the previous session.
Meanwhile, financial markets are awaiting the Bank of Korea's preliminary reading of second-quarter real gross domestic product (GDP) to be released the next day, the 23rd.
Bank of Korea Governor Shin Hyun-song mentioned during a press conference following the Monetary Policy Board meeting last week that he would examine second-quarter growth and July inflation indicators.
(Photo: Yonhap News)
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