South Korea's 3-Year Government Bond Futures Rise 13 Basis Points on U.S. CPI Easing

According to Yonhap Infomax, on July 15, South Korean government bond futures rose on overnight trading as U.S. inflation concerns eased. The 3-year contract closed at 102.85, up 13 basis points from the previous close, while the 10-year contract rose 24 basis points to 105.29. Trading volume surged significantly, with 3-year contracts jumping to 1,548 from 156 the day prior, and 10-year contracts climbing to 600 from 109.

The rally followed data showing U.S. June consumer prices fell 0.4% month-on-month, well below the market's -0.1% forecast and the largest decline since April 2020, easing concerns over near-term rate hikes.