PM says only way interest rates can go is down

Prime Minister Han Duck-soo struck a hopeful note on the economy Wednesday, saying he thinks the only way interest rates can go is down.

Han made the remark while attending a government meeting led by President Yoon Suk Yeol to discuss the direction…

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S. Korean Bond Yields on July 3, 2024

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

1-year TB 3.254 3.261 -0.7

2-year TB 3.199 3.209 -1.0

3-year TB 3.160 3.169 -0.9

10-year TB 3.274 3.289 -1.5

2-year MSB 3.207 3.209 -0.2

3-year CB (AA-) 3.624 3.634 -1.0

91-day CD 3.580 3.600 -2.0

So…

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