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Close of July 25, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 3.092 | ▼ 2.3 | ▼ 2.6 | ▼ 15.0 |
5 Year | 3.052 | ▼ 2.2 | ▼ 3.0 | ▼ 10.3 |
10 Year | 3.122 | ▼ 1.0 | ▼ 1.3 | ▼ 5.3 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
KRW per USD | 1,382.720 | ▼ 0.2 | ▲ 0.1 | ▼ 7.1 |
KRW per JPY | 8.982 | ▼ 0.2 | ▼ 2.2 | ▲ 1.9 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D KORIBOR | 3.570 | ▲ 4.0 | ▲ 9.5 | ▼ 4.5 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (11-Jul-2024) |
Previous Rate (23-May-2024) |
YTD Rate |
|
BOK Base Rate | 3.500 | 0.0 | 0.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
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Regional Rating Institutions | ||||
R&I | AA- | stable | 2020-03-17 | |
RAM | AA3 | stable | 2019-05-07 | |
Non-Regional Rating Institutions | ||||
Fitch | AA- | stable | 2023-03-13 | |
S&P | AA | stable | 2022-04-26 | |
NEWS HIGHLIGHTS
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The ASEAN+3 Bond Market Guide 2018 Republic of Korea is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from the Republic of Korea. View Report
* Download previous issues PDF | ||||
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Local currency government bond yields in the Republic of Korea rose for most tenors between 1 March and 31 May due to a delay in the expected rate cut by the Bank of Korea and the United States Federal Reserve. Market expectations of a rate cut this year were tempered following the Bank of Korea's 24 May monetary policy meeting when it left the base rate unchanged at 3.50% stating that while inflation has slowed, upside risks have increased due to an improvement in economic growth and heightened foreign exchange volatility.
Local currency bonds outstanding in the Republic of Korea rose 1.6% quarter-on-quarter (q-o-q) to reach KRW3,269.3 trillion at the end of March, driven by growth in both the government and corporate bond segments. The Republic of Korea's government bond market rose 1.6% q-o-q in the first quarter of 2024 driven by increased issuance of Treasury bonds in line with the government's plan to finance more than 65% of the budget in the first half of the year. Meanwhile, corporate bonds outstanding grew 1.8% q-o-q, despite the decline in issuance, due to a small volume of maturities.
The Republic of Korea's sustainable bond market reached a size of USD172.8 billion at the end of March, making it the second-largest sustainable bond market in emerging East Asia. Social bonds comprised 48.9% of the sustainable bond market, and over half (56.3%) of the overall sustainable bond market comprised issuances by the corporate sector. About two-thirds of the sustainable bond stock had maturities of 3 years or less, resulting in a weighted average tenor of 3.0 years.