South Korea's 3-Year and 10-Year Government Bond Yields Fall on August 5 as Oil Prices Tumble

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According to Yonhap Infomax, South Korea's government bond yields fell sharply on August 5 as international crude oil prices plummeted amid expectations of reopening the Strait of Hormuz, easing inflation concerns. The 3-year bond yield dropped 71 basis points to 3.669%, the lowest level since May 26, while the 10-year yield fell 110 basis points to 4.15%, marking its lowest point since June 30. WTI crude oil for September delivery fell 5.69% to $75.77 per barrel on the previous trading day. Foreign investors continued their net buying streak in government bond futures, supporting market strength.
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