S.Korea bonds gain, 10-yr yield at 9-1/2 mth closing low

SEOUL: South Korean government bond prices rose across the board on Thursday as investors bet fears about the impact of the weakening US economy would persuade the Bank of Korea to skip an interest rate hike next week.

The 10-year treasury bond yield dropped 3 basis points to 4.12 percent, its lowest close since Oct. 19, 2010, and the benchmark 5-year treasury yield shed 4 basis points to 3.90 percent.

Copyright Reuters, 2011