January 22, 2021
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||0.890||▲ 2.0||▲ 2.8||▲ 0.5|
|5 Year||1.325||▲ 4.0||▲ 1.5||▼ 1.0|
|10 Year||1.755||▲ 5.3||▲ 2.5||▲ 3.3|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|KRW per USD||1,103.240||▼ 0.5||▼ 0.3||▼ 1.5|
|KRW per JPY||10.631||▼ 0.2||▼ 0.4||▼ 1.0|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D KORIBOR||0.420||0.0||▼ 11.0||▼ 17.0|
|3M KORIBOR||0.740||▲ 1.0||0.0||▼ 77.0|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|BOK Base Rate||0.500||0.0||0.0|
* Policy rate changes are expressed in basis point change.
|Regional Rating Institutions|
|Non-Regional Rating Institutions|
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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Between 31 August and 30 October, the Republic of Korea's local currency (LCY) government bond yield curve barely moved. Government bond yields remained range-bound during the review period, with yield changes almost negligible. Yields at the shorter-end were almost unchanged amid expectations of the Bank of Korea maintaining the base rate in its October monetary policy meeting. Meanwhile, yield movements in the rest of the curve were minimal given continued supply-demand imbalances in the government bond market and uncertainties in the economic policy measures of major developing economies.
The size of the Republic of Korea's LCY bond market inched up 1.9% quarter-on-quarter (q-o-q) to KRW2,602.1 trillion (USD2,223.7 billion) at the end of September. The marginal growth was lower than the 3.1% q-o-q growth posted in the second quarter of 2020. Growth for the quarter continued to be mainly driven by the government sector which increased 3.0% q-o-q, while the corporate segment rose at a slower pace of 1.1% q-o-q. Compared with the same period in 2019, the Republic of Korea's domestic bond market rose 9.8% year-on-year, almost at par with the 9.5% year-on-year increase posted in the previous quarter.
On 22 September, the National Assembly passed the fourth supplementary budget of 2020 worth KRW7.8 trillion. This brings the aggregate amount of all four supplementary budgets to KRW62.2 trillion. The budget is expected to fund additional COVID-19 relief programs to support small businesses and low-income households.
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