South Korea to Cut Government Bond Issuance in June as Treasuries Fall 6.9%, Yields Drop to 4.15%

According to Jin10, South Korea's Ministry of Finance announced on May 21 that it will reduce government bond issuance in June to stabilize the bond market. Korean treasury bonds have fallen 6.9% so far this year, the worst performance among 44 markets tracked.

On Thursday, the 10-year government bond yield declined 5 basis points to 4.15%. Additional support measures include promoting foreign inflows related to South Korea's inclusion in the FTSE Russell WGBI index and promoting the domestic "Home Return Account" program.