South Korea's 10-Year Bond Futures Fall as Japan Rate Rise Weighs on Market

According to Yonhap News, South Korea's 10-year government bond futures fell 3 basis points to 106.22 on July 6 afternoon, with the benchmark 10-year bond yield rising 0.8bp to 4.203%. The selloff in long-term bonds was attributed to a rise in Japanese 10-year bond yields to 2.8175%, up 3.93bp, as a weaker yen pushed rates higher. Foreign investors bought 975 contracts of 10-year futures, while the 3-year yield climbed 4.0bp to 3.785%.
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