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September 7, 2023

S. Korean Bond Yields on Sep. 7, 2023

Today (%) Previous Session(%) Change (BP)

1-year TB 3.568 3.514 +5.4

2-year TB 3.867 3.795 +7.2

3-year TB 3.847 3.765 +8.2

10-year TB 3.969 3.893 +7.6

2-year MSB 3.872 3.804 +6.8

3-year CB (AA-) 4.599

Seoul shares down for 3rd day amid rate hike woes

Seoul shares ended lower Thursday amid investor concerns that the U.S. Federal Reserve may raise interest rates further this year following stronger-than-expected economic data. The Korean won fell against the U.S. dollar.

The benchmark Korea

Kia plant resumes operations after fire in paint shop

Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it has resumed operations at one of its eight domestic plants affected by a fire in its paint shop.

Kia’s No. 3 plant in Hwaseong,