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Close of April 25, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 3.520 | ▲ 0.9 | ▲ 7.2 | ▲ 27.8 |
5 Year | 3.625 | ▲ 4.3 | ▲ 12.7 | ▲ 47.0 |
10 Year | 3.711 | ▲ 5.9 | ▲ 14.6 | ▲ 53.6 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
KRW per USD | 1,374.350 | ▼ 0.4 | ▼ 0.1 | ▼ 6.5 |
KRW per JPY | 8.830 | ▼ 0.2 | ▲ 0.6 | ▲ 3.5 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D KORIBOR | 3.490 | ▼ 5.5 | ▲ 2.5 | ▼ 12.5 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (12-Apr-2024) |
Previous Rate (22-Feb-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
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Local currency government bond yields in the Republic of Korea fell for almost all tenors between 1 December 2023 and 29 February 2024. Bond yields largely fell in December following the Federal Reserve meeting, boosting expectations that it will start easing this year. However, yields picked up again in January as the timing of the rate cuts remained uncertain. The decline in yields was also limited by the Bank of Korea’s decision at its 11 January and 22 February monetary policy meetings to maintain its current restrictive monetary policy stance, lowering expectations of an early rate cut.
Local currency bonds outstanding in the Republic of Korea grew 1.6% quarter-on-quarter to KRW3,217.0 trillion at the end of the fourth quarter of 2023, led by an expansion in the corporate bond segment. Corporate bonds grew 3.1% quarter-on-quarter due to a surge in issuance during the quarter. Meanwhile, government bonds outstanding declined marginally due to the continued decline in issuance as the government has already fulfilled most of its borrowing requirements in the first three quarters of the year.
On 19 February, the Ministry of Economy and Finance announced the introduction of the 30-year government bond futures to help investors manage interest rate risk and to further deepen long-term government bond trading and issuance. The ministry also announced support from the Korea Exchange in terms of futures settlement, including temporary exemption from transaction fees and the inclusion of the futures in the market-maker system.