South Korea's 3-Year Government Bond Futures Rise 3 Ticks Overnight as U.S. Treasury Yields Climb on Geopolitical Tensions

According to Yonhapinfomax, South Korea's 3-year government bond futures rose 3 ticks to 102.79 overnight on July 21, while 10-year bonds fell 4 ticks to 105.01. U.S. Treasury yields climbed sharply, with 10-year and 30-year rates up 4.40 basis points and 4.20 basis points respectively from the previous New York close. Rising geopolitical tensions between the U.S. and Iran, including fears of Strait of Bab el-Mandeb disruptions and comments from new UK Prime Minister Andy Burnham suggesting fiscal flexibility, pressured bond prices.
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