South Korea's 30-Year Bond Yields Rise 3.0bp to 4.430% on July 7, KOSPI Falls 4.5%

According to Yonhap Infomax, on July 7, South Korea's 30-year government bond yields rose 3.0 basis points to 4.430%, bucking the decline seen in shorter-duration bonds. The 3-year yield fell 0.5bp to 3.765%, while the 10-year yield dropped 0.5bp to 4.200%. The stock market decline, with the KOSPI down 4.5% (briefly exceeding 5.8% intraday losses), supported bond demand, as Samsung Electronics and SK Hynix tumbled despite stronger-than-expected earnings. The dollar-won exchange rate weakened, declining 3.30 won to 1,526.70 won.
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