Business & Finance

South Korea bonds fall on profit-taking; yields seen bottomed out

Published March 17, 2014 Updated March 17, 2014 08:57am

1 min

By Shoaib Ur Rehman

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SEOUL: South Korean bonds ended lower on Monday, with the yield on the benchmark 10-year government debt rising by the sharpest daily rate in two weeks as investors bet that local debt yields have hit bottom and took profit.

The yield on 10-year paper ended up 4.5 basis points, the biggest jump since March 3, after posting the largest daily drop in more than five weeks on Friday.

Lead March futures on three-year treasury bonds ended down 0.13 points.

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