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Korean treasury yields reversed an intraday rally in the final stretch as a jump in international crude lifted offshore yields, leaving the 3-year final quote at 3.901% (+0.1bp) and the 10-year at 4.401% (+1.6bp), back above the 4.4% line for the first time in four sessions. The oil-driven repricing works through the inflation-premium and global-yield channel, steepening the curve and trimming duration demand even as foreigners net bought 4,556 three-year futures contracts against banks' 2,966 net sales, with the 3-year contract down 1 tick to 103.11. Watch whether crude holds its gains and whether the 10-year sustains above 4.4%; persistent energy-led term-premium pressure would tighten Korean financial conditions, weigh on KRW-sensitive risk assets, and raise the bar for high-beta plays including crypto.
As a Macro signal, watch whether it changes price action, volatility, or flows around CL=F.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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