South Korea's IRS Rates Fall Across All Tenors Today; 1-Year Down 2.50bp

According to Yonhap Infomax, interest rate swap (IRS) rates in Seoul's bond market fell across all tenors on July 16, led by gains in shorter-dated segments. The 1-year IRS rate fell 2.50 basis points to 3.4350%, while the 5-year segment dropped 2.00bp to 4.0325% and the 10-year declined 1.50bp to 4.1375%. Separately, CRS (SOFR) rates also declined across all segments, with the 1-year rate falling 5.00bp to 3.0250%.
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