South Korea Government Bond Yields Fall on July 10, Curve Flattens as JGB Rates Drop

According to Yonhapinfomax, South Korea's government bond yields declined across tenors on July 10, with longer-dated securities leading declines. The 3-year yield fell 1.1 basis points to 3.769%, while the 10-year yield dropped 2.0bp to 4.242% and the 30-year yield declined 2.5bp to 4.437%. The steepening into flattening came as Japanese government bond rates plummeted more than 10bp in longer tenors, with South Korean yields tracking the move. Anticipation ahead of next week's Bank of Korea monetary policy decision supported demand in short-term credit markets.
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