Banks are starting to sell bonds again as the financial markets have recovered enough to handle the flood of paper.
The yield on three-year government bonds reached 3.669 percent, and the yield on 10-year government bonds was at 3.606 percent on Monday, according to the Korea Financial Investment Association on Tuesday.
Korea plans to sell 14.5 trillion won ($12.8 billion) in state bonds next month, the finance ministry said Thursday.
While the equity market has seen a surge of retail investors as the Kospi even went as high as 3,208.99 on Jan. 25, fund managed by financial experts are seeing an exodus of customers.
Korea will closely monitor a potential increase in volatility of the financial markets as the yield spread between short- and long-term state bonds is increasing, the vice finance minister said Tuesday.
Stocks gained Monday for a second consecutive session as investors continued to look for deals despite the resurgence of coronavirus cases nationwide. The won fell against the dollar.
Korea JoongAng Daily Sitemap