Treasury bond yields closed higher across the board on the 3rd. Except for the 3-year, all maturities hit their highest yields of the year.
On the Seoul bond market that day, the 1-year Treasury yield closed at an annualized 2.723%, up 1.7 bp (1 bp = 0.01 percentage point) from the previous day.
The 2-year rose 3.5 bp to 2.98%, and the 3-year climbed 3.7 bp to 3.189%. The 5-year increased 4.7 bp to 3.495%, and the 10-year rose 5.8 bp to 3.661%. The 20-year added 7.2 bp to 3.675%, the 30-year climbed 6.5 bp to 3.587%, and the 50-year rose 6.5 bp to 3.47%.
The 1-, 2-, 5-, 10-, 20-, 30- and 50-year issues hit their highest yields of the year. Only the 3-year was 0.2 bp below its year-to-date high.
Treasury yields were seen as influenced by the Reserve Bank of Australia (RBA) raising its policy rate for the first time in two years and three months. Woo Hye-young of LS Securities said, "During (our) intraday session, the RBA raised its policy rate, and Treasury yields showed a synchronization effect." That day, the RBA lifted the policy rate to 3.85% from 3.6%.