Business & Finance

South Korea T-bond yields jump on surprising central bank move

Published April 11, 2013 Updated April 11, 2013 09:18am

1 min

By Shoaib Ur Rehman

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SEOUL: South Korean bond prices fell sharply across the board on Thursday after the central bank held interest rates steady in a surprise move and signalled it was not ready to cut the rates anytime soon.

The yield on the liquid three-year treasury bonds ended up 15 basis points at 2.63 percent, the biggest daily gain since Dec. 8, 2010. The yield on the five-year bonds also rose by 14 basis points.

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