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Tue, November 28, 2023 | 19:01
Economy
Korea vows steps to stabilize bond market over growing volatility
Posted : 2022-09-23 17:53
Updated : 2022-09-23 17:58
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First Vice Finance Minister Bang Ki-sun / Korea Times file
First Vice Finance Minister Bang Ki-sun / Korea Times file

Korea plans to take measures to stabilize the bond market if necessary as market volatility has grown over the U.S.' recent rate hikes, a senior finance ministry official said Friday.

On Thursday, the yield on three-year Treasuries rose 25.7 basis points to 4.104 percent, the highest level in more than 12 years, after the Federal Reserve raised its target interest rate by 75 basis points for a third straight time.

Seoul stocks crash to yearly low amid deepening recession fears
Seoul stocks crash to yearly low amid deepening recession fears
2022-09-23 17:24  |  Markets

It rose 9.4 basis points further to 4.199 percent Friday.

"The government is closely monitoring the bond market, and it will carry out market stabilization measures, if needed," First Vice Finance Minister Bang Ki-sun said during an emergency economy task force meeting. (Yonhap)



 
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