South Korea Reviews Long-Term Bond Reduction as 10-30 Year Yield Spread Widens

According to Edaily, on July 9, South Korea's government reviewed reducing its allocation to long-term government bonds as the yield spread between 10-year and 30-year notes widened sharply. The bond market anticipates the spread could narrow if the government follows through on the plan. Market participants will assess the government's commitment by observing next year's government bond issuance volume and the second-half issuance schedule.
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