Ahead of the Monetary Policy Committee, Treasury bond interest rates generally fall... 3-year bond annual rate of 3.822% (comprehensive)

(Seoul = Yonhap News) Reporter Go Eun-ji = Treasury bond interest rates generally fell on the 21st, a day before the Bank of Korea Monetary Policy Committee meeting.

On this day, in the Seoul bond market, the three-year maturity treasury bond interest rate closed at 3.822%, down 1.8bp (1bp = 0.01% point) from the previous trading day.

The 10-year interest rate fell 1.6bp to 4.160% per annum. The 5-year and 2-year notes fell 2.5bp and 1.5bp, respectively, and closed at 3.965% and 3.782% per year.

The 20-year yield rose 1.8bp to 4.197% per annum. 30-year and 50-year notes fell 1.3bp and 1.2bp, respectively, recording an annual rate of 4.251% and 4.280%.

On this day, foreigners net purchased 3,635 contracts of 3-year government bond futures and 372 contracts of 10-year government bond futures.

Last night, international oil prices fell as the possibility of diplomatic mediation between the United States and Iran was highlighted.

On the London ICE Futures Exchange, Brent crude oil for December delivery closed at $108.79 per barrel, down $0.76 (0.69%) from the previous trading session.

Brent crude oil reached close to $112 per barrel during the day, hitting its highest level in five months, but later gave back the gains and turned to a downward trend.

U.S. Treasury yields also showed stability. The 2-year yield rose 0.7bp, but the 10-year yield fell 2.8bp.

The domestic stock market laughed for the first time in a while. KOSPI closed trading at 5,735, up 3.3% as low-price buying began to respond to the previous day's sharp drop.

The bond market showed a wait-and-see attitude regarding the Monetary Policy Committee meeting to be held on the 22nd, but the atmosphere was not greatly disturbed.

In a survey conducted on the 12th to 15th by the Korea Financial Investment Association among those involved in bond holding and management (100 respondents), 93% responded that the base interest rate will be frozen at the Monetary Policy Committee on the 22nd. The response rate for the increase was 7%.

Ahn Ye-ha, a researcher at Kiwoom Securities, analyzed, "There was downward pressure as foreign net buyers of futures came in, but the extent of the decline was limited ahead of the Monetary Policy Committee meeting. Overall, there were no major ingredients to move the market."

Today (afternoon, %) Previous day (%) Compared to previous day (bp) Treasury bonds (1 year) 3.688 3.692 -0.4 Treasury bonds (2 years) 3.782 3.797 -1.5 Treasury bonds (3 years) 3.822 3.840 -1.8 Treasury bonds (5 years) 3.965 3.990 -2.5 Treasury bonds (10 years) 4.160 4.176 -1.6 Treasury bonds (20 years) 4.197 4.179 +1.8 Treasury bonds (30 years) 4.251 4.264 -1.3 Treasury bonds (50 years) 4.280 4.292 -1.2 Monetary stabilization bonds (2 years) 3.792 3.810 -1.8 Corporate bond (3 years without guarantee) AA- 4.515 4.534 -1.9 CD 91-day contract 3.260 3.260 0.0