South Korea Government Bond Yields Rise on July 9, 10-Year Rate Hits 4.25% Amid Geopolitical Tensions

CL-0.42%
According to Yonhap Infomax, South Korea's government bond yields rose on July 9, with the 3-year yield climbing 3 basis points to 3.778% and the 10-year yield increasing 5 basis points to 4.250%. Morning trading was pressured by heightened Middle East geopolitical tensions, which pushed crude oil prices higher; WTI crude oil futures jumped 3.08 dollars to $73.52 per barrel. Bank of Korea Governor Shin Hyun-song's parliamentary testimony provided some relief to markets, as his remarks avoided excessive hawkishness and ruled out a potential 50-basis-point rate hike next week. Later, a "Taco trade" emerged following President Donald Trump's comments that "Iran desperately wants a deal," which helped narrow bond losses and supported Asian bond markets, with U.S. Treasury yields declining around 2 basis points.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments