Korea Bond Market Daily Report: 9/30/2024

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Korea Bond Market Daily Report

Treasury yields

Treasury yields Recent DoD (bp) YTD (bp) YoY (bp)
3Y KTB 2.83% ▲ 1.9 ▼ 41.4 ▼ 105.8
10Y KTB 3.00% ▼ 0.1 ▼ 30.6 ▼ 103.0
Term Spread(bp) 17.4 ▼ 2.0 ▲ 10.8 ▲ 2.8
Corp. AA- 3Y 3.41% ▲ 1.4 ▼ 57.1 ▼ 124.9
Credit spread(bp) 58.3 ▼ 0.5 ▼ 15.7 ▼ 19.1

US Treasury Yields

US Treasury Yields Recent DoD (bp) YTD (bp) YoY (bp)
2Y US Treasury 3.60% ▲ 7.0 ▼ 73.0 ▼ 144.0
10Y US Treasury 3.79% 0.0 ▼ 16.0 ▼ 77.0
Term Spread(bp) 19 ▼ 7.0 ▲ 57.0 ▲ 67.0

[Market Trends].

Weekly initial jobless claims in the US fell to 21.8 million, suggesting stability in the labor market.
The domestic short-term interest rate fell and the curve stopped after the deputy governor of the BOK said that the BOK considers financial stability, inflation, and growth.

[Top economic news and events].

Top U.S. News

US Treasury yields rose on lower jobless claims and Yellen's continued optimism of a soft landing.
The final estimate of Q2 GDP remained at 3.0%, with private consumption and inventory investment stabilizing.

Featured News

BOK Deputy Governor Lee Jong-ryul said the monetary policy committee will consider not only financial stability but also inflation and growth.
The Bank of Korea said it is considering further measures to strengthen household debt management.

Other News and Events

France's 10-year government bond yields are higher than Spain's, driven by fiscal deficit concerns.
Switzerland's central bank has cut its key interest rate from 1.25% to 1.00%.

[Response Strategy].

A series of rate cuts over October and November is needed, and we will be watching closely for policy makers' comments to align with financial conditions.


Disclaimer The information contained in this report has been obtained from sources believed to be reliable, but we do not guarantee its accuracy or completeness. This report is for informational purposes only and is not a solicitation or offer to buy or sell any security or financial instrument. Opinions expressed in this report are subject to change without notice. Investment decisions are the sole responsibility of the investor and you should seek professional advice as needed

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