SEOUL — South Korean bond yields experienced mixed shifts on August 28, 2024, with short-term bonds showing slight declines while the 91-day certificate of deposit (CD) rate remained unchanged.

According to Yonhap News Agency, the 1-year treasury bill (TB) dropped marginally from 3.055% to 3.049%, marking a decrease of 0.6 basis points. The 2-year TB also saw a decrease, falling from 3.055% to 3.026%, a change of 2.9 basis points. The 3-year TB yield decreased by 2.1 basis points, from 2.940% to 2.919%. Longer-term bonds, such as the 10-year TB, recorded a yield reduction of 1.9 basis points, moving from 3.073% to 3.054%.

In the municipal sector, the 2-year municipal stability bond (MSB) decreased by 1.6 basis points, ending at 2.992%, compared to the previous session's 3.008%. The 3-year corporate bond (CB) rated AA- slightly decreased by 0.9 basis points to 3.456%, down from 3.465%. However, the 91-day CD maintained a steady rate of 3.520%.

These changes reflect ongoing adjustments in the bond market, influenced by various economic factors and investor sentiments. Analysts continue to monitor these developments closely to gauge the direction of future monetary policies and their impact on the financial markets.