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The 10-year KTB benchmark yield jumped 8.2bp to 4.392% and touched 4.400% intraday, the highest since the 4.426% print on Nov 18, while the 30-year surged 14.0bp to 4.643% and the 3-year rose 5.3bp to 3.893%. That bear-steepening, driven by overseas long-end yields, lifts domestic discount rates and pressures duration-sensitive KOSPI growth names and long-duration risk assets, including high-beta crypto exposure that trades off global real yields. Watch whether 30-year JGB and US 10-year Treasury yields keep climbing and whether foreign investors cut futures positions; a stall there would be the first condition for Korean long-end yields to retrace and ease the KRW-side pressure.
As a Macro signal, watch whether it changes price action, volatility, or flows around KRW=X, KOSPI.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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